Governor General Sir Rodney Williams has detailed how the government plans to fund the costly venture of a full
He gave the details in the Speech from the Throne in the parliament building this morning, assuring that the campus will be ready by next September.
Sir Rodney said in order to ensure the availability of sufficient revenue to fund the university,
“The CIP now has a component that allows USD$150,000 per applicant, to be contributed to the university endowment fund. Second, an insignificant levy on the profits of telecommunications and financial institutions will be imposed for the purpose of supplementing the Fund that will go exclusively towards financing the University’s Fourth Campus. Third, in the 2019 Budget, a sum of $10,000,000 (ten million dollars) has been allocated for the purpose of funding the Fourth Landed Campus,” the GG revealed.
He told a joint sitting of parliament that the primary
His Excellency noted that more males are therefore more likely to pursue baccalaureate degrees when that ambition can be more readily accessed right here in Antigua and Barbuda.
“Though my Government will utilize traditional sources, relied upon by universities around the world, to fund the Fourth Landed UWI Campus, many non-traditional methods will of in order to increase funding and to decrease the cost of tertiary training to students and their families,” he told the house.
Only yesterday the government reported that UWI is seeking firm assurances that it will be able to afford UWI once established.