JIS News

Cabinet has approved a contract in the amount of US$13.7 million for civil works at the Kingston Container Terminal.
This was disclosed by Information and Development Minister, Senator Colin Campbell, at the post-Cabinet press briefing, held at Jamaica House earlier this week.
According to the Information Minister, the awarding of the contract formed part of a larger contract to expand the berthing capacity of the Kingston port. The project, he further noted, marked the fifth expansion initiative being undertaken at the port.
In February of this year, the House of Representatives approved a government guarantee for four loans totalling US$111.5 million to finance the Port Authority of Jamaica’s fifth stage expansion of the Kingston Container Terminal. These include a US$60.85 million loan from the Bank of Nova Scotia (BNS) Toronto, to finance civil works; US$9.487 million from BNS Jamaica, also to finance civil works; US$26 million from HSBC Bank to purchase straddle carriers and other container handling equipment; and US$15.1 million from China Exim Bank to purchase two ship-to-shore gantry cranes.