Three firms shortlisted for Kingston Container terminal expansion
The Government of Jamaica has given final approval to a public-private partnership (PPP) contract for the operation and expansion of the Kingston Container Terminal (KCT).
Making the announcement on December 18 the Government said the move follows careful due diligence and business case analysis. Based on the evaluation of the requests for qualification, three firms have qualified to participate in the RFP. These are:
- the Port of Singapore;
- the Terminal Ling Consortium; and
- Dubai Ports.
The Government of Jamaica announced that the next step in the process includes the issuance of confidential memorandum and the request for proposal (RFP).
The Government of Jamaica is seeking to grant a long-term concession to a global terminal operator to operate and expand the KCT through a PPP.
KCT is a regional container transshipment hub with an annual capacity of 2.8 million TEU and an annual throughput of 1.1 million. Further development of the Kingston Container Terminal is expected to facilitate the passage of Post-Panamax container vessels with a nominal capacity of 12,000 TEUs in comparison to the existing Panamax vessels with a capacity of 4,500 TEUs currently transiting the Panama Canal.
Country news
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January 30, 2014
IFC and CDB sign MOU to support infrastructure PPPs in the Caribbean
On 24 January 20014, International Finance Corporation (IFC), a member of the World Bank Group, signed a Memorandum of Understanding with the Caribbean Development Bank (CDB) to support public-private partnerships in infrastructure projects in the Caribbean.The Memorandum of Understanding between IFC and CDB establishes close cooperation between these two institutions to advise Caribbean governments at the national and sub national levels in the development of new infrastructure projects with private participation. Read more -
May 20, 2014
Deadline extended for Kingston port terminal concession
The deadline for the submission of bids for the privatisation of the Kingston Container Terminal (KCT) in Jamaica has been extended to July 3. Read more -
July 17, 2014
Jamaica seeks EOIs for Norman Manley International Airport PPP project
The Government of Jamaica (GOJ), through the Ministry of Transport, Works and Housing (MTWH) has initiated the process of identifying a private sector operator with proven experience in the aviation sector to operate, finance, develop and maintain the Norman Manley International Airport (NMIA) under a long term concession agreement. Read more -
July 21, 2014
MIF, Development Bank of Jamaica and Ministry of Finance promote PPPs
The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, the Development Bank of Jamaica (DBJ) and the Jamaican Ministry of Finance and Planning (MOFP) will initiate a program to launch public-private partnerships (PPPs) in Jamaica. Read more -
October 24, 2014
Jamaica in negotiations with preferred bidder for Kingston port concession
The Government of Jamaica has begun negotiations with Terminal Link consortium for the privatisation of the Kingston Container Terminal (KCT). Read more
