Navitas Limited (ASX:NVT) has formed an equal joint venture with...

Navitas Limited (ASX:NVT) has formed an equal joint venture with the University of Western Sydney (UWS) to establish a pathway college for international students on the University’s premises in the Parramatta CBD.

The new UWS International College will commence teaching international students in October 2015 and will deliver Diploma and Foundation programs including Business, Communication, Engineering and IT courses.

Plans are also in place to deliver further Diplomas as the College becomes more established.

Students who successfully complete the UWSIC program will be eligible to continue their studies in degree courses at UWS.

Navitas and UWS will each commit a maximum of $2.5 million towards establishment of the college, which will be governed by a board of directors with equal representation from the two bodies.

The joint venture has an indefinite term, but a two-way exit mechanism is available after five years based on an independent expert’s valuation.

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