January 27th, 2011 | Uncategorized

New York University to proceed with Shanghai campus

New York University is heading overseas. Again.

NYU President John Sexton and Provost David McLaughlin announced in a campus-wide e-mail Friday that the university had received approval from the Chinese government to proceed with opening a campus in Shanghai, Washington Square News reported Tuesday. The branch in Shanghai would be NYU’s second degree-granting campus abroad, following the opening of its campus in Abu Dhabi, United Arab Emirates earlier this academic year.

Sexton and McLaughlin said many aspects of the plans remain unresolved — the budget in particular. Under NYU’s current budget model for the new campus, the district of Pudong would finance the physical plant, while the university’s operating costs would be paid by student tuition. The Shanghai government will “bear the remaining costs,” the Washington Square News reported.

Yale’s plans for a jointly-operated liberal arts college in Singapore also await final negotiations on the budget, which will be fully undertaken by the Singaporean government.