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Vanuatu College and University Construction Industry Analysis
Vanuatu is an island nation located in the South Pacific Ocean, east of Australia and north of New Zealand. The country is made up of 83 islands and is home to several colleges and universities, including the University of the South Pacific (USP) and the Vanuatu Institute of Technology (VIT).
According to data from the Bank, the construction industry in Vanuatu has been steadily growing in recent years. In 2020, the value of construction put in place in the country was USD 50 million, a significant increase from the USD 40 million in 2019.
The construction of college and university facilities has likely contributed to this growth. For example, USP has undertaken several construction projects in recent years, including the construction of a new student center and the renovation of several existing buildings. VIT has also undergone renovations and expansions, including the construction of a new trades training center.
Looking ahead, the construction industry in Vanuatu is expected to continue growing, with a projected growth rate of 3.2% in 2021. The construction of college and university facilities is likely to continue as well, as these institutions invest in their infrastructure to support the growing demand for higher education in the country.
Overall, the college and university construction projects scenario in Vanuatu is positive, with a growing construction industry and continued investment in higher education facilities.
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