THE TISI Sangam School of Technology is planning to approach the Asian Development Bank for a loan to assist them with the construction of the proposed multi-million dollar hostel for students studying at the Labasa Sangam College of Nursing.
The school's national president, Sadasivan Naicker, said they had completed the plan of the much-anticipated hostel and were looking for more funding.
"We will have to go to the bank to request for their assistance," Mr Naicker said.
"The proposed project was drawn in 2006 and it should have been constructed by now.
"But we need more funding in order to build the hostel to standard.
"Right now, the project hangs in the balance but this doesn't mean that we won't pursue it.
"The project will go on as planned.
"We will just wait for the general election and after that, we will work on the project."
Mr Naicker said they would also approach the government for assistance.
"It's only fitting for us to build the hostel because most of our students are renting out as they don't have relatives and families here.
"Also, students will have a better place to study or do their assignments and school work after hours."
It was earlier reported the hostel would be situated near the Labasa Hospital.