JIS News

Story Highlights

  • Chairman of the Logistics Hub Taskforce, Dr. Eric Deans, says the Government is very pleased with the interest and support being received from the private sector, as it relates to the development of the logistics hub.
  • He was speaking in an interview with JIS News at the feasibility and private –public partnership initiative for the Caymanas Economic Zone workshop, held at the Ministry of Industry, Investment and Commerce, on Wednesday, November 19.
  • The logistics facility is the first major infrastructure under the National Logistics Hub Initiative.

Chairman of the Logistics Hub Taskforce, Dr. Eric Deans, says the Government is very pleased with the interest and support being received from the private sector, as it relates to the development of the logistics hub.

“There are several other projects which are about to come on stream. When those private sector groups are ready to make those announcements, you will hear more about these activities. They involve a range of industries (and) they involve a range of infrastructure projects,” Dr. Deans said.

He was speaking in an interview with JIS News at the feasibility and private –public partnership initiative for the Caymanas Economic Zone workshop, held at the Ministry of Industry, Investment and Commerce, on Wednesday, November 19.

Dr. Deans also noted that at this stage, the country is “way ahead of where we thought we would be at this time in general, for the development of the logistics hub.”

He said work has already started on the US$20 million (J$2.2 billion) Total Logistics Facility, at the Kingston Wharves.

“In fact, for the Kingston Wharves Total Logistics (Facility), because of the interest from users of that zone, it is already oversubscribed and they are moving to phase two in terms of development of that project,” he added.

The logistics facility is the first major infrastructure under the National Logistics Hub Initiative.

Construction of the facility is to be completed in just under one year, and will see some 150 persons being employed indirectly and directly. Already, the project has generated employment for over 50 persons.

On completion, the facility will provide employment for more than 450 persons. Operation is set for January 2016.

Meanwhile, Dr. Deans said plans are far advanced for the development of the Caymanas Special Economic Zone as a major project in the Logistics Hub Initiative.

He informed that several technical studies have already been done, which will support the development, and that a policy is already in place that will govern the project.

“So, we are well positioned, because we are not starting from scratch, and this will speed up the process in completing the project,” Dr. Deanssaid.

For his part, Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, welcomed the staging of the workshop, while noting that it allows for input from both the private and public sectors toward the development of the special economic zone.

Jamaica’s global Logistics Hub Initiative, which is a core plank in the Government’s economic growth strategy, seeks to drive investment and create sustainable employment over the long term. It aims to take advantage of the anticipated increase in trade activities as a result of the expansion of the Panama Canal, scheduled for completion by 2015.

 

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