JIS News

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  • The Government is taking steps to conclude negotiations for the privatization of the Kingston Container Terminal (KCT) by the end of September, 2014.
  • Three large Global Terminal Operators have been pre-qualified namely - Port of Singapore, Terminal Link Consortium and Dubai Ports World.
  • Senior officials from the Port of Singapore are currently in the island meeting with the management of KCT and conducting their site visits.

The Government is taking steps to conclude negotiations for the privatization of the Kingston Container Terminal (KCT) by the end of September, 2014.

This was disclosed by Minister of Transport, Works and Housing, Dr. the Hon. Omar Davies, during the sitting of the House of Representatives on February 25.

Dr. Davies informed that three large Global Terminal Operators have been pre-qualified namely – Port of Singapore, Terminal Link Consortium and Dubai Ports World.

He noted that the Request for Proposal and Confidential Information Memorandum were issued in mid-January this year, and relevant data placed in a Virtual Data Room, signalling the commencement of the bidding stage of the privatization process.

The Minister further informed that senior officials from the Port of Singapore are currently in the island meeting with the management of KCT and conducting their site visits.

“Port of Singapore (representatives) will return on March 10, to undertake a detailed technical assessment of these facilities,” Dr. Davies said.

The Minister noted that similar visits are scheduled for the other bidders, Dubai Ports, which is scheduled for March 17 to 18 and Terminal Link Consortium from March 19 to 21.

“A Draft Concession Agreement outlining the terms and conditions of the agreement has been prepared and provided to the bidders.  The Draft Concession Agreement will be discussed and issues clarified during the site visits,” Dr. Davies pointed out.

He added that the bids are to be returned by the bidders on May 22, 2014, and evaluation completed by June 20, after which a provisional bidder will be selected followed by the commencement of negotiations of the concession agreement.