Cross River State Government
Cross River State Council on Privatization
Application for Pre-Qualification as Investors in the
Privatization of the Underlisted Ventures
Calaro Oil Palm Estate
Ibiae Oil Palm Estate
Boki Oil Palm Estate Borum
Nsadop Oil Palm Estate
Durafoam industry Ltd, Ikom
Ibonda Fish Hatchory
Ugboro Fish Hatchory
Introduction:
The Cross River State Government through the Cross River State Council on Privatization (CRSCP) hereby invites prospective investors interested in acquiring any of the above listed enterprises to submit Technical bids for pre-qualification.
Below is a Brief Description of Each of the Enterprises
A Calaro Oil Palm Estate: Calaro Oil Palm Estate is situated about 42 Kilometres from Calabar in Akamkpa Local Government Area. The estate which covers a total area of about 6386 hectares was cultivated between 1954 and 1977. During that period, a total of about 4975 hectares were cultivated. The estate has good network of roads and buildings for staff accommodation and administration and is owned by the Cross River State Government.
b. biae Oil Palm Estate: Established in 1967, the estate is located in Biase Local Government Area, about 82 Kilometres from Calabar along the Calabar Ikom Highway. The Estate has a total of 5561 Hectares out of which 2419 Hectare out of which 2419 Hectares were cultivated between 1963 and 1979 while 3142 Hectare were cultivated between 1963 and 1979 while 3142 Hectares are reserved for further cultivation. The estate has a network of roads and building for staff accommodation and administration and is owned by the state Government.
C. Boki Oil Palm Estate Borum: Established in 1963 in Borum in Boki Local Government Area the estate has a total of 4,618 Hectares comprising 1,735 Hectares cultivated between 1963 and 1976, and 2,883 Hectares reserved for further cultivation. The estate is served with a network of roads, building and other facilities and is owned by the State Government.
D. Nsadop Oil Palm Estate: Established in 1964 the estate is Located at Nsadop in Boki Government Area along Okundi Boje Road of the total size of 5,411 Hectare in the estate, 1,280 Hectares were cultivated between 1964 and 1979 while 4,131 Hectares are reserved for further cultivation. The estate is owned by the state Government.
E. Durafoam Industry Ltd: Durafoam Industry Limited is situated at the Ikom Industrial Estate along Calabar Ikom Highgway. It is a manufacturing concern established for the production of polyurethane flexible foam, mattresses and pillows. It is owned by the Cross River State Government.
F. Ibonda Fish Hatchery: Located at Ibonda community in Odukpani LGA. This is a farm has capacity for the production of fingerling per annum.
G. Ugboro Fish Hatchery: Located at Ugboro community in Bekwarra LGA. This is a fish farm and hatchery established by the state Government for the production of fish and fingerling. The farm has capacity for the production of million fingerling per annum.
3. Pre-Qualification Documents
- Prospective investors are required to supply the following documents:
- Profile of the company or consortium including ownership structure
- Composition of the management team
- Evidence of tax payment
- Record of successful investment in relevant businesses within the sector
- Evidence of financial capability to invest and reactivate the venture.
- Evidence of technical and operational capabilities.
- Payment of non-refundable application fee of N300,000.00 for the oil palm estates and N20,000.00 for other ventures in bank draft made payable to the Executive Secretary, Cross River State Council on Privatization.
Note: Prospective investors for Calaro or Ibae Oil Palm estate will be given preference if they are interested in the acquisition of the oil palm mill project being constructed by Oil palm industry Ltd, Akamkpa (a joint Venture between the state government and private investors). Composite bids for this vwnture and the oil palm estate shall to given preferred consideration.
Submission of Pre-Qualification Applications
The pre-qualification application should be sealed and delivered either by hand or by registered mail to the address below on or before 7th February 2011. Only short listed companies shall be invited to submit financial bids within seven days after technical pre-qualification exercise is completed.
Prospective Investor should contact the Executive Secretary to arrange access to the ventures for inspection and evaluation. The Cross River State Council on Privatization reserves the right to decline pre-qualification for any investor considered unfit to acquire the enterprise under consideration.
Inquires should be d
