The selected developer will design, build, operate and finance the college, which will be the first such institution in the region to be funded through a private finance initiative (PFI). Total project costs are estimated at $100 million-150 million.
An award is expected in the fourth quarter with contractors being given 18 months for construction work. The college is expected to open in September 2004. The client is the Defence Ministry (MEED 7:6:02).