January 16th, 2012, 08:55 PM
Join Date: Jan 2011
Location: Starkville, Mississippi
Likes (Received): 5385
LUSAKA | UNZA Business Park | Mixed-Use | Approved
A LOCAL company has been awarded a multi-million dollar contract to develop a business park on part of the 135 hectares University of Zambia (UNZA) land.
UNZA, through a private public partnership, wants to develop a six storey three star hotel, a stadium with gymnasium, shopping complex and hostels in Lusaka.
The project is expected to be done in three phases with thwe first phase involving the erection of a business park, student hostels, hotel, sports complex and staff houses.
UNZA vice chancellor, Professor, Stephen Simukanga, however, could not name the selected company until negotiations are finalised by the end of this year.
Prof. Simukanga said in an interview in Lusaka that negotiations have reached an advanced stage with the preferred bidder.
He said the project is expected to start within six months after signing the agreement.
“We have identified a local firm but if it wants, it can become a consortium and invite other firms to assist in financing the project, the project requires billions of money,” he said.
Prof. Simukanga said the university will soon advertise for the second phase of the project which involves expression of interest from both local and foreign firms.
The project also involves construction of a large auditorium with a 2,000-sitting-capacity catering for various events.
He also said a school to be situated near Kalingalinga Township and a shopping mall will built during the second phase of the project under the Build Operate and Transfer (BOT) arrangement.
Prof. Simukanga said the BOT arrangement will entail that the selected firm developing infrastructure at a profit for a 20-year-period, after which the properties will belong to the university.
The bidder is also expected to give a certain percentage of profits to UNZA.
In April 2007, three foreign and two local firms expressed interest in developing the UNZA land.
The companies which submitted bids were Libya African Investments, Inter-market Group and GC Holding which is a consortium of local and foreign
The local firms were Zambezi Consortium and UNZA Hotel and Shopping Mall Consortium.
UNZA submitted an evaluation report to the then, Zambia National Tender Board (now Zambia Public Procurement Authority) on the selection of the final bidder to develop infrastructure situated on the area adjacent to Arcades shopping mall