The redevelopment of Tereora College received a major boost with the signing of a grant agreement to provide up to $11.7 million in funding from New Zealand to complete the first phase of the project.
The signing ceremony took place following the prize-giving awards at the school yesterday.
The new funding will be used for the design and construction of an administration centre, library and technology block as well as associated civil works and furnishings and fittings.
The signing formalises the announcement New Zealand Prime Minister John Key made in his address during this year’s 50th Anniversary celebrations.
New Zealand High Commissioner, Nick Hurley, said he welcomed the partnership.
“We welcome this partnership with the Cook Islands Government to provide larger, better equipped facilities and a contemporary modern learning environment.
“The new college infrastructure will be transformational and give a real boost to educational outcomes.”The project will be led by the Cook Islands Investment Corporation (CIIC).
Chief Executive Officer Tamarii Tutangata, said the redevelopment of the College supports current and future education objectives.
“Tereora College will be the benchmark for further secondary school developments in the Cook Islands.”
The available funding will be used to support the CIIC’s Special Projects Unit and fund the construction the first phase of the redevelopment of the college.