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  • The National Logistics Initiative Council (NLIC) has informed Cabinet that insufficient due diligence information has been presented by the proposed bidders – Krauck Group, to enable the Council to recommend to Cabinet that negotiations.
  • Cabinet has accepted NLIC's conclusion on this matter.
  • Cabinet has authorized the Ministry of Industry, Investment and Commerce, if it so wishes, to continue to have discussions with Krauck to see whether additional, credible due diligence information is forthcoming.

The National Logistics Initiative Council (NLIC) has informed Cabinet that insufficient due diligence information has been presented by the proposed bidders – Krauck Group, to enable the Council to recommend to Cabinet that negotiations between the Government of Jamaica and the Krauck Group concerning the development of an Integrated Logistics Hub should proceed at this time.

Cabinet has accepted NLIC’s conclusion on this matter.

However, the representatives from the Ministry of Industry, Investment and Commerce (MIIC) who are members of the NLIC were of a different view on the results of the due diligence process. The MIIC members have, among other things, considered that more weight should have been attached to various banking instruments provided by the Krauck Group to the NLIC. In light of the position of the MIIC representatives, Cabinet has authorized the Ministry, if it so wishes, to continue to have discussions with Krauck to see whether additional, credible due diligence information is forthcoming.

The National Logistics Initiative Council was appointed by Cabinet in May to oversee the Memorandum of Understanding signed with Krauck to potentially develop and fund infrastructure for the planned logistics hub.

The Council comprises officials from the Ministries of Transport, Works and Housing; Industry, Investment and Commerce, and Finance and Planning, along with the Attorney General’s Chambers and JAMPRO. It is headed by Professor Gordon Shirley, Chairman and Chief Executive Officer of the Port Authority of Jamaica.