Multi-Continental Group Expresses Strong Interest in Logistics Hub

Representatives of a major consortium of American, European, and Middle Eastern investors are currently in the island conducting due diligence, ahead of submitting a formal proposal for investment in several components of the Logistics Hub.

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton said the consortium is mobilising equity financing in excess of US$4 billion to design, finance, build, and operate integrated components for the Hub.

The Minister acknowledged the representatives who were in the House of Representatives on May 21, as he made the announcement during his contribution to the 2014/15 Sectoral Debate.

He said the consortium had put forward a strong expression of interest in several components of the Logistics Hub initiative, in response to the Ministry’s promotion of the initiative internationally, over the past 18 months.

Minister Hylton disclosed that while here, the group will meet with a number of key agencies of the Government, as part of their preparatory work, before submitting their formal proposal.

“This investment, will be a massive contribution to the build-out of the Hub and the accelerated realisation of the logistics-centred economy,” Minister Hylton said.

The Minister thanked the representatives for their confidence in Jamaica, and the Hub initiative.