- A Concessionaire will be selected before or by the end of the first quarter of next year
- The shortlisted companies are DP World, PSA International, and Terminal Link Consortium
- The Enterprise Team is expected to engage a legal consultant or firm to further guide the process.
Plans for the expansion and modernisation of the Kingston Container Terminal (KCT) are far advanced, Permanent Secretary in the Ministry of Transport, Works and Housing, Audrey Sewell, has informed.
She said that a Concessionaire will be selected before or by the end of the first quarter of next year.
Speaking at a Jamaica House press briefing, on Wednesday, September 18, at the Office of the Prime Minister, Ms. Sewell told journalists that there is now a short list of bidders, following the evaluation of requests for proposals.
The companies are: DP World, PSA International, and Terminal Link Consortium, which have been shortlisted from five interested bidders.
She also informed that by the end of this month, the Enterprise Team, which is being led by former Governor of the Bank of Jamaica (BoJ), Derick Latibeaudiere, is expected to engage a legal consultant or firm to further guide the process.
“We’re also looking at completing the borehole study, which is scheduled to be completed between mid-October and November,” she stated. The borehole study is expected to inform the case study for the transaction.
Following the completion of the study, the team intends to invite the three companies shortlisted to respond to a Request for Proposal (RFP).
“Based on the schedule, we are hoping that the RFP will be out by the end of December and by mid-April into May, we should be finalising the identification of a preferred bidder,” Ms. Sewell said.
The objective of the expansion is to increase the access channel depth from 14 metres to 17 metres to accommodate 14,500 TEU (twenty-foot equivalent unit) container vessels, which will traverse the Panama Canal upon completion of its expansion. This project is expected to be completed in 2016.
An Environmental Impact Assessment (EIA) has been completed and will be submitted to the National Environment and Planning Agency (NEPA) before the end of this month.