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- Tikoe Industrial Park Project
Tikoe Industrial Park Project
Lesotho
| Borrower | Lesotho |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Industry |
| Approved | 16.03.2010 |
| Signed | 06.07.2010 |
| Status | Completed |
| Loan Administrator | BADEA |
| Executing Agency | Lesotho National Development Corporation, LNDC |
| Co-financiers | BADEA, Government |
| OPEC Fund Contribution (US$m) | 8.40 |
| Total Project Cost (US$m) | 18.00 |
The project will build a Tikoe Industrial Park in the capital Maseru on around 80 ha of land owned by the Lesotho National Development Corporation, the main parastatal of the Government.
Some 30,000 m2 of factory shells will be built on the site that will be able to serve as premises for manufacture. The remaining 37,000 m2 of available spaces will be leased directly to investors. Infrastructure will be constructed to support the new facilities, which will include roads, an electricity distribution network and a water supply and sanitation system. Since the new facilities will be located in close proximity to air and road transport, they will become attractive to new investors. In addition, the completed park is expected to create some 22,000 jobs.