PROJECT

Projects

Environmental Review Summary

Project Number

24122

Company Name

YUCE OZEL EGITIM VE KULTUREL HIZMETLER A S

Date ERS Disclosed

Feb 23, 2005

Country

Turkiye

Region

Central Asia and Turkiye

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Apr 19, 2005
Signed : May 16, 2005
Invested : Oct 11, 2005

Sector

Colleges, Universities, and Professional Schools

Industry

other

Department

Regional Industry MAS MCT

Project Description

Yuce Private Education and Cultural Services Inc. (‘Yuce’ or the company) is a leading provider of high school education and vocational services located in Ankara, Turkey. Yuce is currently undertaking an $8.6 million investment program which will enable Yuce to achieve the following: - expand its present enrollment capacity by 40% to 2,100 students through the ownership of the land and the building of 20 additional classrooms; - build a library, a professional development center for teachers’ training and implement an alumni club; - modernize existing classes through technological improvements; - consolidate its quality curriculum through the completion of its accreditation process with International Education Authorities; - upgrade its services in the area of educational software and systems development; and - refinance a portion of Yuce’s short-term debt contracted from the construction of the new campus. Yuce was established in 1983 in the Kizilay district, downtown Ankara, initially as a private preparatory school, providing students enhanced skills to allow them to pass the national university entrance exam. The passing results of its students was so exceptional that Yuce soon acquired a very good reputation and established in 1988 the first Scientific High School in Turkey, with a major focus on basic sciences such as mathematics, physics, chemistry and biology. Today, Yuce has a K-12 operation with over 1,500 students, the Yuce IT Academy which opened in November 2000 and offers long-term IT career courses and Yuce Information Systems for software development and certified professional computer programs. This project would allow Yuce to build on its continuous growth in private education and equip a leading Turkish school with modern facilities and improve the quality of its curriculum. Improving school development, the quality of teaching and introducing education technologies into schools are key components of the system of education reforms allowing Turkey’s accession to the EU. This project will also allow a leader in educational software development to further increase its business volume as a provider of education management systems in a growing market.

Environmental and Social

Conclusion & Monitoring