OPEC Fund Annual Report 2023

03 | THE RESULTS – DELIVERY BY SECTORS

In recent years, the Shijiazhuang Institute of Railway Technology has embarked on a rapid trajectory of development. As a high-quality, and prestigious institution with a rich 74-year history, our college is making significant strides towards real- izing the modernization of Chinese-style vocational education. The support from the OPEC Fund, through a substantial loan, has provided a robust economic foundation for the construction of our new campus and training base. This financial backing propels our institution towards the esteemed status of a first-

class, international, and innovative voca- tional and technical institute in China.

Currently, the 1,000-m 2 new campus is in the process of construction, with a partial inauguration slated for 2024. The facility is designed to accommodate over 20,000 individuals in the future. Seam- lessly integrating Oriental aesthetics with international standards, this campus is poised to redefine the landscape of Hebei Province’s capital, setting a new standard for excellence in vocational education.”

GUO SHEJUN School Party Secretary, People’s Republic of China

US$50 MN OPEC Fund loan 28 MN Number of vocational students in China 57 % Projected workforce as share of population by 2030

The Shijiazhuang Institute of Railway Technology has embarked on a rapid trajectory of develop- ment towards modernizing vocational education

(Source: Government of the People’s Republic of China)

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