Banc ABC has signed an agreement to construct a medical school at the National University of Science and Technology, an official has said.
Addressing journalists at the post cabinet briefing, Higher and Tertiary Education, Science and Technology Development Minister Professor Amon Murwira said government was undertaking a massive infrastructure development programme at universities and higher and tertiary education institutions.
“We are undertaking a massive infrastructure development programme at our universities or higher and tertiary education institutions with a very simple principle that we have to work with the private sector.
“Banc ABC has been very generous to us in terms of coming to the party, they offered to build NUST medical school and at this moment, they signed their initial agreement, they are now doing their feasibilities and any time soon they will start the actual construction.
“The most important thing is that it has been penciled, there is a lot of interest and we are going on and this is the first in higher and tertiary education because all along we ware as government building the buildings ourselves and it has not been working,” he said.
He said government does not need to own buildings at universities or tertiary institutions.
“Where it is possible, the private sector is taking the lead because our principle is basically saying that at a university government does not necessarily have to own a building so this attracts massive interest from the private sector.
“When we did this, several players came in and one of the players is Banc ABC,” he said.
Professor Murwira said the higher and tertiary education sector was a multibillion sector.
“We have been allowed by cabinet to make sure we can put this to PPP, so we believe that the higher and tertiary education sector is a multibillion dollar industry and this is just part of that game,” he said.