The Government of Nepal and the Government of the Republic of Korea have signed a Memorandum of Understanding for the establishment of a polytechnic institute for construction workforce development in Province 2.

The Government of Korea will spend USD 8.6 million (equivalent to Nepali rupees 1.03 billion) to undertake the seven-year project under the grant assistance. The project will be implemented by the Korea International Cooperation Agency (KOICA) and the Council for Technical Education and Vocational Training (CTEVT) as a model polytechnic institute in Bardibas of Mahottari, said the Ministry of Finance in a press release.

Madhu Kumar Marasini, secretary of Ministry of Finance and Park Chong-Suk, Korean ambassador to Nepal signed the document on behalf of their respective governments amid a program at the Ministry of Finance.

Through the project, the government aims to produce competent and efficient workforce capable of meeting the domestic and global needs of the 21st century by aligning with Technical and Vocations Education and Training policy and the 15th Periodic Plan of Nepal.

The project also aims to contribute to economic growth in the country through the development of skilled workforce to meet the needs of the construction industry by increasing their employability, according to the Ministry.

The project has been developed with integrated approach aiming at the establishment of a technical hub, conducting Technical Education and Vocational Training (TVET). The institute will also be developed as Training Institute for Technical Instructors’ Training and National Skill Testing Board’s center.

It is said the Institute will function as a technical center helping to meet the demand of construction workforce with all the required skills.

Secretary Marasini appreciated the cooperation extended by South Korea, especially in TVET sector.

Likewise, the ambassador expressed belief that the project would significantly contribute to producing skilled human resources and he also hoped that the technical school would be the benchmark for upcoming polytechnics in Nepal.