Jamaica seeks investors for ‘global transhipment hub’ plan
Kingston Harbour's transshipment port. (File Photo)
NEW YORK, June 23, CMC – Jamaica has unveiled ambitious plans to establish itself as a “global transhipment and logistics hub,” Industry, Investment and Commerce Minister Anthony Hylton has said, presenting an investment opportunity of about seven to eight billion US dollars, spanning a five to 10-year period.
In a Jamaica government statement issued here, the proposal entails implementation of a series of developments that include the dredging of the Kingston Harbour, the seventh largest natural harbour in the world.
The plan also calls for: port facility expansion works at Fort Augusta and Gordon Cay, St. Catherine; establishment of the Caymanas Economic Zone (CEZ), also in St. Catherine; a transshipment commodity port facility near Yallahs, St. Thomas; and a dry dock facility at Jackson Bay, and air cargo and passenger facility at Vernamfield, in Clarendon.
(Full Story in Business)
CMC 2012
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