APPRAISAL REPORT ON FACTORY BUILDING AND INFRASTRUCTURE WORKS INDUSTRIAL ESTATE - VIEUX FORT, ST LUCIA

THE NATIONAL DEVELOPMENT CORPORATION OF ST LUCIA IS THE APPLICANT. THE REQUEST FOR $440, 000 (SUBSEQUENTLY REVISED TO $475, 000) WILL PROVIDE FUNDS FOR CONSTRUCTION OF 3 FACTORY BUILDINGS AND REHABILITATION AND EXPANSION OF ASSOCIATED INFRASTRUCTURE AT THE VIEUX FORT INDUSTRIAL ESTATE. THIS PROJECT IS THE FIRST PHASE OF THE DEVELOPMENT OF A 40-ACRE ESTATE THAT WILL ULTIMATELY HOUSE 24 FACTORIES. APPLICATIONS HAVE BEEN RECEIVED FROM 9 INDUSTRIALISTS, 3 OF WHOM REQUIRE FACTORY SPACE IMMEDIATELY. LOAN APPROVED BY SPECIAL DEVELOPMENT FUND BOARD OF DIRECTORS AND AID NOTIFIED OF CHARGING OF LOAN TO AID ACCOUNT.