The FEED Project requires a total funding of US$ 400 million in the span of 5 years. The program will also maintain a revolving fund coming from payments of CallHaven Inc. to CITE Asia Pacific for the training or skills development of each beneficiary. This will ensure that the project will run continuously and serve the next generation of Filipinos.
The capital plan for CITE Asia Pacific calls for a funding of US$180 million to be expended as shown in the table below. An additional US$20 million will be needed in order to set up the Educational Revolving Fund which will be used to finance the training of poor but deserving students. The fund will be replenished with the future salaries of the scholars through a program tied up with CallHaven Inc.
CITE Asia Pacific Capital Expenditures (US$ Million) |
|
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Total |
|
Main Learning Centers |
|
|
|
|
|
|
|
National Capital Region |
30.0 |
14.0 |
4.0 |
4.0 |
4.0 |
56.0 |
|
CALABARZON |
20.0 |
4.0 |
2.0 |
2.0 |
1.8 |
29.8 |
|
Cebu |
10.0 |
4.0 |
1.0 |
1.0 |
1.0 |
17.0 |
|
Davao |
10.0 |
4.0 |
1.0 |
1.0 |
1.0 |
17.0 |
|
Cagayan de Oro |
10.0 |
4.0 |
1.0 |
1.0 |
1.0 |
17.0 |
|
|
Satellite Centers |
|
|
|
|
|
|
|
Baguio |
4.0 |
2.0 |
0.4 |
0.4 |
0.4 |
7.2 |
|
Iloilo |
4.0 |
2.0 |
0.4 |
0.4 |
0.4 |
7.2 |
|
Iligan |
4.0 |
2.0 |
0.4 |
0.4 |
0.4 |
7.2 |
|
Angeles |
4.0 |
2.0 |
0.4 |
0.4 |
0.4 |
7.2 |
|
Bacolod |
4.0 |
2.0 |
0.4 |
0.4 |
0.4 |
7.2 |
|
Zamboanga |
4.0 |
2.0 |
0.4 |
0.4 |
0.4 |
7.2 |
|
TOTAL |
104.0 |
42.0 |
11.4 |
11.4 |
11.2 |
180.0 |
|
|
CallHaven Inc. requires a funding of US$200 million to be expended as shown
in the table below.
CallHaven Inc. Capital Expenditures (US$ Million) |
Facility Location |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Total |
|
National Capital Region |
40.0 |
1.6 |
6.0 |
1.6 |
6.0 |
55.2 |
|
CALABARZON |
30.0 |
1.0 |
6.0 |
1.0 |
6.0 |
44.0 |
|
Cebu |
6.0 |
0.6 |
2.0 |
0.6 |
2.0 |
11.2 |
|
Davao |
6.0 |
0.6 |
2.0 |
0.6 |
2.0 |
11.2 |
|
Cagayan de Oro |
6.0 |
0.6 |
2.0 |
0.6 |
2.0 |
11.2 |
|
Baguio |
6.0 |
0.6 |
2.0 |
0.6 |
2.0 |
11.2 |
|
Iloilo |
6.0 |
0.6 |
2.0 |
0.6 |
2.0 |
11.2 |
|
Iligan |
6.0 |
0.6 |
2.0 |
0.6 |
2.0 |
11.2 |
|
Angeles |
6.0 |
0.6 |
2.0 |
0.6 |
2.0 |
11.2 |
|
Bacolod |
6.0 |
0.6 |
2.0 |
0.6 |
2.0 |
11.2 |
|
Zamboanga |
6.0 |
0.6 |
2.0 |
0.6 |
2.0 |
11.2 |
|
TOTAL |
124.0 |
8.0 |
30.0 |
8.0 |
30.0 |
200.0 |
|
|
Purpose