The following key factors will be taken into account when considering whether to proceed with expressions of interest from prospective investors:
* Potential contribution of the project to the economy of Uganda with preference for activities which will increase market competition, import substitution, export potential.
* Compatibility with the KIBP masterplan with particular reference to the park’s zoning plan and the potential environmental impact of the project
* Ability of the investor to raise finance to implement the project
* A clear project implementation schedule with a preference for projects that are to be implemented immediately
* Genuine need and sound basis for the requested amount of industrial land or buildings
Projects which meet the above pre-qualification criteria will be subject to a more detailed land allocation process. This will involve review and consideration by the UIA contracts committee based on the following parameters:
Economic consideration: This requires examining the number of jobs to be created, amount of capital investment and the level of export orientation of the project. In addition, the tax contribution of the existing company will be considered.
Financial consideration: This covers the availability of financial resources to implement the project (vide Bank Reference letters) and, for existing investments, appraisal of the financial health of the business.
Environmental consideration: This takes into consideration the pollution impact of individual projects.
Technical aspects: This considers justification for the amount of land applied for by examining the factory layout and the proposed investment in built-up space.
National/regional projects: This takes into account the importance of the project at national/ regional level.
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According to the UIA’s land pricing policy, the lease price will be based on a number of factors related to the investor’s business, namely:
1. Size of plots required
2. Percentage of exports or import substitution of products by value.
3. Type of business activities to be carried out in KIBP.
4. Distance of plots from the main transportation hubs.
5. Total monetary investment value brought into KIBP.
6. Number of locals of various skill levels to be employed in KIBP.
7. Demand on utilities
The final price will be determined as part of the review process for expressions of interest received from potential investors.
More favourable prices will be available to projects which contribute to Uganda’s economic policy goals and to the objectives of KIBP.