News

Amid plans to sell off local cocoa assets to a private investor, the Jamaican Government continues to market the beans locally and overseas amid challenges to the crop. Jamaica has been granted a half-year reprieve for delivery of a large…

Airport operator Grupo Aeroportuario del Pacifico, GAP, announced plans to invest US$60 million in the first three years of operating the Norman Manley International Airport, NMIA, according to stock market filings. Additionally, the Mexican company will pay the Jamaican Government…

The Government has divested the operation of the Norman Manley International Airport (NMIA) to Mexican entity, Grupo Aeroportuario del Pacifico S.A.B. De C.V. (GAP). A 25-year concession agreement was signed today at the Office of the Prime Minister by Chairman…

MINISTER without portfolio in the Ministry of Economic Growth and Job Creation Daryl Vaz says several additional State assets have been identified and shortlisted for privatisation by the Government. These include Wigton Wind Farm in Manchester, which he said will…

Press Release   Grupo Aeroportuario del Pacifico wins bid for Norman Manley International Airport Public Private Partnership   Kingston, September 11, 2018 – Grupo Aeroportuario del Pacifico S.A.B De C.V. (GAP), a Mexican company with 50-year concessions to operate, maintain…

In accordance with its remit as divestment agent, Development Bank of Jamaica is keen to help the government put more of its assets into private hands. So it’s spending a lot of time and has pumped more than $217 million…

Jamaica in particular has been a role model for the region, and for other emerging markets, with PPPs, especially in the renewable energy sector. Since Jamaica implemented its PPP policy in 2012, it has completed five projects, three of them…