Vice President of CCCC Commits to Jamaica

Vice President of China Communications Construction Company Ltd. (CCCC), Mr. Ziyu Sun, says the company is committed to furthering investment initiatives in Jamaica.

Mr. Sun, in an interview with JIS News on March 23, following the official opening of the North-South leg of Highway 2000, said the company has a collaborative relationship with the Jamaican government in a drive to secure economic growth for the country.

Prime Minister, the Most Hon. Andrew Holness, in remarks at the opening ceremony at the Caymanas Toll Booth, said the highway presents a range of opportunities for investment in tourism, leisure and recreation, light manufacturing and agricultural ventures.

Mr. Sun, meanwhile, noted that the 50-year concession agreement for the repayment for the highway, which was developed through CCCC’s subsidiary, China Harbour Engineering Company Ltd. (CHEC), is an indication of the company’s confidence in Jamaica’s business environment.

“We bring the value-added to Jamaica, to the country, people, and society. (Then), we get value added to the company,” he said.

He noted that the CCCC is open to pursuing investments in industrial parks, in the Jamaican ports, as well as in the construction of another express highway. He said there is also potential for investment in tourism and real estate. The CCCC, Mr. Sun noted, is the seventh largest real estate company in domestic China.

The Vice President said the organisation will be looking to bring more of its subsidiary companies, which specialize in these areas, into Jamaica over the next few years. However, he said CHEC will remain the main company operating in Jamaica, and the CCCC will continue to offer tremendous support to investment initiatives in the country through that company.

Meanwhile, he noted that CCCC agreed to the 25 per cent discount on the proposed toll rates for the North-South leg, which was announced by the Prime Minister in his remarks. He confirmed that the company is open to further negotiations.