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Grapevine - Jamaican government plans development for Kingston

Anthony Hylton, Jamaica’s recently appointed Minister of Industry, Investment and Commerce, announced in February plans for development of a ‘global shipping and logistics hub’ for Jamaica.

According to a leading Jamaican newspaper, this is to be the ‘flagship project’ of his ministry. Mr Hylton said his main role would be to find the necessary capital and investors. He said the project’s five components would be attractive to investors given the expansion of the Panama Canal.

The Minister said he had already received expressions of interest from potential investors in the Persian Gulf for the development of the hub, which he said could position Jamaica as the logistical centre for trade in the Americas.

The five elements are:

• Dredging of Kingston harbour and expansion of port facilities

• Establishment of a dry dock facility at Jackson Bay, Clarendon

• Bunkering facility at Cow Bay in Yallahs, St Thomas

• Construction of a cargo and maintenance, repair and operations facility at Vernamfield in Clarendon

• Development of the Caymanas Economic Zone (CEZ).

All five projects are carry-overs from previous government administrations.