DEADLINE: 16TH FEBRUARY, 2021
FOUNTAIN HOLDINGS LIMITED
REQUEST FOR EXPRESSION OF INTEREST FOR PUBLIC PRIVATE PARTNERSHIP ARRANGEMENT IN RELATION TO STATE-OWNED ENTITIES (SOES)
BACKGROUND
Fountain Holdings Limited (FHL) is the investment arm of Ekiti State Government tasked with the responsibility of driving investments and the commercialization of non-performing Government entities. In a bid to create a conducive environment for investments towards infrastructure and industrial development in Ekiti State, EKSG is keen on commercialization of two state- owned assets – Oba Adejuyigbe Builder’s Market and a parcel of land in the Alagbaka urban area of Akure, Ondo State.
These assets are on offer for Concession under a Build-Operate-Transfer (BOT) type of Public- Private-Partnership model whereby Ekiti State Government through its investment arm, FHL, offers a concession right to the reputable and preferred private sector to finance, build and operate the facilities for an agreed period of time. Ekiti State Government (EKSG) through Fountain Holdings Limited (FHL) is therefore inviting interested participants to submit an Expression of Interest (“EOI”) to participate in the bid process for these assets.
(A) OVERVIEW OF OBA ADEJUYIGBE MARKET (BOT)
The Oba Adejuyigbe Builders Market is a purposely designed and developed facility on 1.4437 hectares of land along the Afe Babalola/Federal Polytechnic Road which is spacious and conspicuously located. The facility has been developed and the construction of 228 lock-up shops, 24 warehouses, one Police post and 2 public toilets is at about 50% completion stage.
The design of the market makes it ideal for both big stockists and smaller retailers of building materials. The facility upon completion will serve as the main market for building and construction materials. This purposely built spacious market facility and its location in the axis of the Knowledge Zone of Ekiti State is accessible, safe, secured and suitable to become the hub for building materials in the State as well as serving the adjoining States.
It is evident that investment in the development of this market is feasible, viable and promises to turn in good returns on investment within a short tenure.
(B) OVERVIEW OF PARCEL OF LAND AT ALAGBAKA (PPP)
The parcels of land are located is the highbrow area of Akure, Ondo State. The five plots of land which is conspicuously located has a dimension of 8827.5132 sqm (approximate) shares close proximity to the State Secretariat complex, Central Bank of Nigeria, State House Ground and the House of Assembly.
The facility which is highly suitable for the development of residential, hospitality and office complex has the potential for a good return on investment within the immediate short term. The property which has a duly approved certificate of statutory right of occupancy is being made available for concession.
SUBMISSION OF EXPRESSION OF INTEREST
Prospective investors (including high net- worth individuals) on these two facilities (A & B above) should submit their Expression of Interest (EOI) by providing the following
- Cover letter duly signed by authorized signatories
- Evidence of registration of company with the Corporate Affairs Commission
- Evidence of registration with Ekiti State Bureau of Public Procurement (BPP)
- Evidence of registration with Federal Inland Revenue Service (FIRS)
- Three (3) years Tax Clearance from 2017- 2019.
- Evidence of payment of three (3) years development levy to EKSG
- Details of ownership structure of company
- Full details of all partners and/or subcontractors who will form part of the bid indicating their roles in the assignment, qualification and experience
- Full name, nationality or country of registration of individuals of company
- Proof of funds
- Financial statements of the last three years (2017-2019)
- Evidence of relevant past assignments
Interested participants must submit hard copies in a sealed envelope clearly marked “EXPRESSION OF INTEREST – BUILD, OPERATE AND TRANSFER IN RELATION TO OBA ADEJUYIGBE BUILDER’S MARKET” as in “A” above or “EXPRESSION OF INTEREST – PUBLIC-PRIVATE-PARTNERSHIP IN RELATION TO PARCEL OF LAND, ALAGBAKA, ONDO STATE” as in “B” above and delivered separately not later than two weeks (16 FEBRUARY, 2021) from the date of this publication at the address below.
THE GROUP MANAGING DIRECTOR/CEO
FOUNTAIN HOLDINGS LIMITED
NO 3, JUDGES QUARTERS
OFF NTA ROAD, ADO-EKITI
Electronic copies of Expression of Interest must also be forwarded to: info@fholdingsltd.com
Kindly note that only successful bidders will be contacted.
