International Finance Corporation and Jamaica have signed an agreement for a public private partnership project to upgrade three brownfield road segments from two to four lanes in the North Coast of Jamaica.
Under the agreement, IFC will be a lead advisor and will work with the government to structure the PPPproject and attract a private investor. The private partner will finance, build, operate and maintain the three road segments:
- Seacastles—Greenwood (6.8 km);
- Greenwood—Discovery Bay (40.7 km);
- Salem—Mammee Bay (12.3 km).
The project is funded and supported by the Global Infrastructure Facility that will help mobilize US$600 million in private investment, address capacity constraints, relieve traffic bottlenecks and reduce travel time in the North Coast corridor, spur economic growth and tourism, as well as improve the quality of services.
Country updates
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October 03, 2022
IFC issued REOIs for North Coast Corridor in Jamaica
The International Finance Corporation (IFC), on behalf of the Ministry of Finance and the Public Service (MoF) and the National Road Operating and Constructing Company Limited (NROCC), has issued Requ...
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April 28, 2022
IFC signs MoU for North Coast Corridor PPP project in Jamaica
The International Finance Corporation (IFC) has agreed to support the Government of Jamaica (GoJ) and signed a memorandum of understanding (MoU) in the development of three key brownfield road se...
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May 28, 2021
Jamaica approves PPP for water treatment project in St. Catherine
Cabinet Government of Jamaica has approved the contract conditions for the development of a new water treatment plant in the St. Catherine region. Earlier on May 7, 2021, National Water Commission (NW...
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January 08, 2020
RFEOI issued seeking technical consultant for solid waste management project in Jamaica
The Government of Jamaica, through the Development Bank of Jamaica, has issued a request for expression of interest for consulting services of a qualified firm or consortium of experts as Transac...
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December 27, 2019
CMA CGM signs agreement for selling stake in 10 Port terminals with China Merchants Port
The CMA CGM Group has announced that it has signed an agreement with China Merchants Port (CMP) to sell a portfolio of stakes in ten port terminals to Terminal Link, their joint-venture set up in 2013...
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