Zicix’s operating company, CTIP First Investment (CTIP-FII) has signed a development contract with the Government of Uganda to build a 150-bed hospital and medical school building projects in Wakisu district.

The contract was signed by the company with the government through the Public Procurement and Disposal of Public Assets Authority (PPDA).

The project cost of $77.7m covers construction, construction management and project development.

CTIP-FII has teamed up with China Railway 14th Bureau Group Co (CRCC14) as the general contractor, with LA Global Construction Management Group serving as the construction manager.

CRCC14 is a member of CRCC Group.

CTIP-FII is a project development and project finance company that was recently bought by ZICIX.

Zicix chairman William Petty said that developing healthcare facilities in most developing countries, especially in the local government units (LGUs) are not just its mission but is also part of its advocacy to support local government capacity build-up.

According to CTIP-FII chairman Jeffery Jones, it has a pipeline of four more hospital projects of which the largest is the proposed 300 bed private General Hospital and Dormitory Project in Senegal where CTIP-FII is expected to be an investor and at the same time a project developer.

Jones added that besides these hospital projects, there are other infrastructure projects lined up where “most if not all of them are covered with memorandum of understanding (MOU) as a roadmap to move the projects to the next step”.