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Logistics Hub Master Plan presented to public

The Jamaica Special Economic Zone Authority (JSEZA), in association with the Planning Institute of Jamaica, has launched the Jamaica Logistics Hub Master Plan.

Prior to the launch last Thursday, during a public session at the University of the West Indies Regional Headquarters, Mona, the master plan was presented to government ministers Audley Shaw and Dr Horace Chang, as well as Senator Aubyn Hill, executive director of the Economic Growth Council.

The JSEZA, which is housed under the Ministry of Economic Growth and Job Creation, is the government agency responsible for facilitating the development of Jamaica’s special economic zones. The master plan, designed by international consultancy Nathan Associates, in conjunction with Berger ABAM, recommends land use and infrastructure improvements as necessary for successful implementation of the Jamaica Logistics Hub Initiative, which will involve the creation of zones, the upgrading and further development of ports and

the creation of an enabling environment, allowing businesses to fully exploit Jamaica’s strategic location.

Final version to be submitted at end of month

With the Jamaica Logistics Hub Master Plan now available to the public, a final draft is to be submitted by the end of the month, following local feedback.

“The road map outlined in this report represents one of the most significant milestones in Jamaica’s modern industrial history,” said Dr Eric Deans, chief executive officer of the Jamaica Special Economic Zone Authority, during his opening remarks at, launch of the document last Thursday.

Deans said the master plan “demonstrates the link between the vision [and] the future possibilities for the Logistics Hub, and establishes the overall character, extent, and location of various land uses”.

The draft master plan outlined that, at full build-out, there will be more than 3,800 hectares of development across the island, an investment of over US$28 billion and 87,000 direct jobs.

 

Ongoing process

Deans emphasised that the development of Jamaica as a Logistics Hub will be an ongoing process. The feasibility study for the Caymanas Special Economic Zone, for example, should be concluded during 2018, followed by its development. Other projects mentioned in the draft master plan that constitute elements of the Logistics Hub, include the dredging of the shipping channel in the Kingston Harbour, private concession of the Kingston Container Terminal and the expansion of Port Esquivel.

The Planning Institute of Jamaica funded the consultancy that developed the master plan, through the Foundations for Competitiveness and Growth Project (FCGP), a US$50-million project designed to strengthen the business environment in Jamaica for private-sector development.

The World Bank provided the loan of US$50 million that funded the FCGP.

As a logistics hub, Jamaica is positioned to be the fourth node in global logistics, joining Singapore, Dubai and Rotterdam. It is expected to establish the country as a significant player in the global shipping and logistics industry, and potential investors and business interests will see themselves as being within striking distance of a market of 800 million people, including those in North America and Brazil.

The FCGP is aimed at enhancing competition in the business environment through the implementation of reforms that will improve the ease of doing business in Jamaica, as well as increase the country’s global competitiveness.

Source: http://jamaica-gleaner.com/article/news/20171120/logistics-hub-master-plan-presented-public

Logistics hub to bring employment boom

APPROXIMATELY 87,000 direct jobs are expected to be created if Jamaica’s Logistics Hub Initiative is realised, chief executive officer, Jamaica Special Economic Zone Authority Dr Eric Deans has said.

A further analysis of the multiplier effect, done by Nathan Associates, a group of economic consultants headquartered in the United States, shows that each job can potentially create five additional openings, equating to an overall 437,000 employment opportunities.

The hub is regarded as crucial to generating higher levels of sustainable economic growth, greater fiscal stability and significant job creation over the next 20 years.

Its full build-out will comprise nearly 3,900 hectares of development islandwide from over US$28 billion of projected investments.

Speaking after the launch of the 422-page Logistics Hub Master Plan and Market Analysis at the Regional Headquarters of The University recently, Dr Deans told the Jamaica Observer that the first phase of the plan has already started.

“The consultants were required to identify existing projects, and there are over $1 billion worth of projects which have already started. So phase one has commenced already; it’s well underway.

“For phase two, we’re currently doing the Caymanas project and working on the feasibility study which will be completed in June, and then we will go out to get developers and that will follow the development,” Dr Dean said, though adding that this will be driven mainly by the investors who come.

Logistics Hub initiative completed

KINGSTON, Jamaica (JIS) — Seven key strategic enablers, deemed pivotal to realising Jamaica’s Logistics Hub Initiative, have been identified for implementation by the Government.

These include: improving institutional effectiveness; instituting supportive policies, and legislative and regulatory frameworks; enhancing workforce capacity; developing efficient and productive infrastructure; providing efficient transport logistics systems; facilitating sustainable financing; and project promotion.

The enablers, which encompass 65 strategies and 105 actions, are contained in the 422-page Logistics Hub Master Plan and Market Analysis. This document will serve the developmental road map to establish Jamaica as a global logistics hub.

It was unveiled by Global Advisor for Ports and Infrastructure, Nathan Associates Inc., Dr Paul Kent, during a ceremony at the University of the West Indies Regional Headquarters in Mona, St Andrew, on Thursday.

Kent, who noted that Jamaica has a comparative advantage in logistics, said “it is just a matter of organising it in a good way.”

“You need investors [who] can come in and make quick decisions. You [also] need to…demonstrate to the world that you offer advantages and a value proposition that deserve primary consideration for relocation, investment or expansion,” he argued.

Jamaica’s Logistics Hub Initiative is regarded as pivotal to generating higher levels of sustainable economic growth, greater fiscal stability and significant job creation.
Its full build-out will comprise nearly 3,900 hectares of development islandwide from over US$28 billion of projected investments, and resulting in the creation of 87,400 direct jobs.

An analysis of the multiplier effect shows that each job can potentially create five additional openings, equating to an overall 437,000 employment opportunities.
The Government, through the Planning Institute of Jamaica, engaged Nathan Associates, a group of economic consultants headquartered in the United States, to conduct the 14-month study, c4ulminating with the masterplan’s drafting. The exercise was executed by sub-consultants – Berger ABAM.

This engagement was facilitated under World Bank loan support provided for the Administration’s Foundation for Competitiveness and Growth Project.

The master plan and market analysis will be uploaded on the Jamaica Special Economic Zone Authority’s website, where it can be viewed at www.jseza.com.