JIS News

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  • The National Housing Trust (NHT), National Water Commission (NWC), and Port Authority of Jamaica (PAJ) have been allocated 82.6 per cent of the $32.56 billion budgeted for 101 major public investment projects for commencement or continuation by 12 Public Bodies during the 2020/21 fiscal year.
  • These projects, to be implemented under the Government’s Public Sector Investment Programme (PSIP), are designed to support the Administration’s programme of economic growth and development for Jamaica.
  • The NHT has been allocated the equivalent of 41.1 per cent of the budget, the NWC, 34.4 per cent; and the PAJ, 7.1 per cent.

The National Housing Trust (NHT), National Water Commission (NWC), and Port Authority of Jamaica (PAJ) have been allocated 82.6 per cent of the $32.56 billion budgeted for 101 major public investment projects for commencement or continuation by 12 Public Bodies during the 2020/21 fiscal year.

These projects, to be implemented under the Government’s Public Sector Investment Programme (PSIP), are designed to support the Administration’s programme of economic growth and development for Jamaica.

The NHT has been allocated the equivalent of 41.1 per cent of the budget, the NWC, 34.4 per cent; and the PAJ, 7.1 per cent.

This is according to the Government’s 2020/21 Fiscal Policy Paper, which was tabled in the House of Representatives on February 11 by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.

The document points out that the NHT plans to continue pursuing the increased delivery of housing solutions over the medium term, in line with government policies.

To this end, the agency’s 2020/21 budgetary provision will form part of the funding used to complete or facilitate the completion of some 20,000 houses and residential lots between April 1, 2020 and March 31, 2023.

These will include housing facilities with small contractors, joint ventures, inner-city housing and the NHT’s own projects, valued at $13.39 billion, which are included in the PSIP.

The NWC will continue to undertake significant investments targeting water supply infrastructure rehabilitation works.

The planned PSIP expenditure totals $11.22 billion and includes $4.7 billion for the Spanish Town Road pipeline replacement project; $1.38 billion for rehabilitation works under the K-factor

Programme; and $1 billion to execute the Port Royal distribution and sewerage system project.

Enhanced security at the island’s ports is among the projects that the PAJ will continue to pursue during the upcoming fiscal year.

The agency has programmed $272.9 million to continue phase-one development works in Port Royal.

Initial work under this phase entailed construction of the Port Royal cruise port, for which there was a soft opening in January.

Funds will also be expended as a deposit on the purchase of a Jamaica II vessel, valued US$6 million, and for the continued upgrade of the Montego Bay Freeport Terminal.

Projects included in the PSIP are expected to account for approximately 86 per cent of the programmed capital expenditure of just over $2.7 billion.

Meanwhile, the Airports Authority of Jamaica’s projected 2020/21 PSIP expenditure of just over $2 billion should account for 56 per cent of the agency’s overall programmed capital budget of $3.7 billion for the upcoming fiscal year, according to the Fiscal Policy Paper.

The document indicates that development efforts will focus on continued work relating to the Norman Manley International Airport shoreline protection project at a cost of $950 million.

A sum of $436.8 million has also been budgeted for expenditure on the Ian Fleming International Airport in Boscobel, St. Mary, and the Vernamfield and Negril aerodromes in Clarendon and Westmoreland, respectively.

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