Cabinet Approves NHT’s General Insurance Contract
By: , June 9, 2017
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Cabinet has approved the National Housing Trust’s renewal of its general insurance contract in the sum of $1.28 billion for the 2017/18 fiscal year.
The figure excludes General Consumption Tax, Education, Youth and Information Minister, Senator the Hon. Ruel Reid, said at Wednesday’s (June 7) post-Cabinet media briefing at Jamaica House.
Meanwhile, Senator Reid advised that the Jamaica Social Investment Fund (JSIF) has awarded a contract valued at $121.2 million to Contraxx Enterprise Limited for the Barrett Town Integrated Infrastructure Project in St. James.
The project, which is being administered under JSIF’s Integrated Community Development Project (ICDP), will entail a major rehabilitation and activities in Barrett Town, including a zinc fence removal programme.
The Minister also told journalists that a contract in the sum of $65.7 million has been awarded to Jamaica Drip Irrigation Limited for the Hounslow Agro-Park irrigation project in St. Elizabeth.
The project is being administered under the Agricultural Competitiveness Programme.
Meanwhile, Senator Reid advised that Cabinet has approved Petrojam Limited’s proposed acquisition of land at 77 Marcus Garvey Drive at a cost of $43 million, to facilitate upgrading of the State refinery’s facilities.