Jamaica: Minister Announces Major Investments in Port Sector
Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, has announced a package of investment projects for the development of the country’s shipping and logistics industry.
Mr. Hylton stated that the investment opportunity is “considerable” and involves a number of projects that have the potential to transform the country’s economic landscape.
These comprise dredging of the Kingston Harbour and expansion of the port facilities; establishing a dry dock facility at Jackson Bay in Clarendon and a bunkering facility at Cow Bay in Yallahs, St. Thomas; construction of a cargo and maintenance, repair and operations (MRO) facility at Vernamfield in Clarendon; and the development of the Caymanas Economic Zone.
“Altogether, these projects represent a potential investment effort that will drive growth and employment for many years, positioning Jamaica as the logistic hub for trade in the Americas,” the Minister concluded.
Dredging Today Staff, March 1, 2012