The LNDC is a 100% government-owned parastatal body, which promotes various industries in the country.

The Tikoe Industrial Estate, which is owned by the LNDC and is located at Ha Tijoe, southwest of Maseru, comprises a site area of 800 000 m2.

The corporation explained that, after the viability study, it hopes to eventually provide basic industrial infrastructure within the region. This includes 640 000 m2 of factory shells.

The LNDC said that key performance areas would include a study to collect the relevant data and information that would form the basis for appraising the project on the estate.

Using this data, the prospective firm should include financial and non-financial factors, as well as potential financial risk, also taking into account best market practices.

The bidder would then take the analysis and advise the corporation of the best course of action concerning commission and management of the estate.

Should the analysis or project research look promising, the corporation said that the bidder would then need to assist it in sourcing finance for the construction of both infrastructure and factory shells.

The financing proposal must include the financing options of a grant, loan and/or equity.

The corporation stipulated that its client must have knowledge of industrial markets and financial models of appraising projects, and environmental- and social-impact assessment skills.

An understanding of construction-related works, especially land development, civil works and international markets and experience in raising finance, would also be beneficial to winning the bid.

Proposals must be submitted no later than March 25, while work is anticipated to start on April 1, and must be completed by April 22, this year.