Government of Jamaica
Government of Jamaica
Government of Jamaica
Mailpac is looking at long-term solutions to freight lifting problems, as expenses increased in 2020 due to challenges in this area, the company’s executive chairman Khary Robinson has said. The company, nevertheless made record revenues of $1.7 billion at year-end December 2020 and a net profit of $442.72 million. This compares to three months net profit of $86.28 million in 2019 the period when operations of a restructured...
The Port Authority of Jamaica expects to commission the Kingston Logistics Park, KLP, by June, and is currently in what it calls the “tenant attraction” phase to entice clients to the facility. “KLP seeks to attract international, world-class supply chain operators and their clients to use Kingston as part of their supply chain solution,” said Kimberley Stiff, assistant vice-president of marketing and communications at the Port Authority. The...
The power plant under construction at ‘The Nest’ is costing US$16 million or $2.4 billion in local currency, utility company Jamaica Public Service Company, JPS, has said. The 10 Megawatt power plant, which will be fired by natural gas supplied by New Fortress Energy, is to be commissioned at mid-year. “All elements of the project will be completed by June 2021,” said Winsome Callum, director of communications at...
President and Chief Executive Officer of the Airports Authority of Jamaica (AAJ), Audley Deidrick, says that the entity is looking at proposals from the operators of the two major international airports to address the long-term economic effects and recovery from the impact of the coronavirus (COVID-19) pandemic. These proposals will be put to the Government for consideration and approval, he told JIS News in a recent interview Mr....
A sum of $17.4 billion has been allotted in the 2021/22 Estimates of Expenditure to continue implementation of the Southern Coastal Highway Improvement Project (SCHIP). The project seeks to improve the alignment and capacity of the existing southern coastal main arterial road in order to make it safe and efficient, free from flooding and provide for future development. The funds will be used to carry out Part A...
Micro, small and medium-sized enterprises (MSMEs) are to benefit from the issuance of 86 bank guarantees during the upcoming financial year. This is being facilitated through the Credit Enhancement Programme with a $440-million allotment in the 2021/22 Estimates of Expenditure, now before the House of Representatives. The Credit Enhancement Programme seeks to promote productive investments in MSMEs in Jamaica by enhancing their access to financing, particularly medium and...
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