The German Ship Repairs of Jamaica Project (GSRJ) consist of two adjoining parcels of land located at Harbour Head in the parish of Kingston.
The DBJ received a proposal from GSRJ to establish floating dock facilities at Harbour Head in Kingston for the sale of land between the Commissioner of Lands and Kingston Dock Yard Property. Kingston Dock Yard Property, a wholly owned subsidiary of the existing lessee, Jamaica Fruit and Shipping Company Limited, operators of a dry dock facility which holds leases for adjoining properties for 49 years with an option to purchase.
This transaction will facilitate investments of over $8 Billion for Phase 1 of the expansion and anticipates employment of 300 trained professionals (welders and engineers) through a partnership with Caribbean Maritime University.
The DBJ and the Commissioner of Lands finalised negotiation for the sale of approximately 5.36 acres of land at Harbour Head, Kingston, for a ship repair and dry dock facility to the existing lessee, Jamaica Fruit & Shipping Company Limited and/or the nominee, German Ship Repair Jamaica Limited. Cabinet approval was received for the sale terms in April 2020. Execution of the Sale agreement is expected in the third quarter of FY 2020/21.