KINGSTON — Consultancy services for phase II of the privatisation of the Kingston Container Terminal (KCT) is expected to commence shortly with Cabinet’s approval of a US$3.33 million contract to PricewaterhouseCoopers.
Minister with responsibility for Information and the Public Service, Senator Hon. Arthur Williams, made the disclosure during a post-Cabinet press briefing at Jamaica House yesterday (November 9).
He said that the move is in keeping with "current trends of the government in divesting itself of the business that can be run privately," noting that the KCT offers "prime investment opportunity."
Cabinet also approved a US$1.5 million contract to D&D Welding and Equipment Hireage for repairs to the heavy fuel storage tank at Petrojam.
Mr. Williams informed that every five years, these tanks have to be repaired due to contamination from natural elements such as sulpher “so this is a regular maintenance procedure”.
The contracts were awarded on the recommendations of the National Contracts Commission and the Infrastructure Subcommittee.
By Chris Patterson, JIS Reporter