Development Bank of Jamaica

Facilitating economic growth and development

Development Bank of Jamaica

Facilitating economic growth and development

Government of Jamaica Infrastructure Assets (formerly Jamaica Public Service Company)

Mode of Procurement Mode of Procurement Stock Exchange Listing – Privatisation
Project Sponsor(s) Ministry of Science, Energy & Technology (MSET)
Description and location

The Government of Jamaica (GOJ) is seeking to privatise its 19.99% shareholding in the Jamaica Public Service Company via listing on the Jamaica Stock Exchange. In 2023, a revised concept was explored and approved by Cabinet. The revised concept considered the inclusion of GOJ's Shareholding in other infrastructure assets by creating a Special Purpose Vehicle (SPV) and subsequently listing the SPV on the Jamaica Stock Exchange. These assets included are:

  1. 19.99% shareholding in JPS Co.
  2. 20% shareholding in Trans Jamaica Highway (TJH)
  3. 10% shareholding in South Jamaica Power Company (SJPC)
Status Due diligence and transaction structure for the revised Concept for the Infrastructure assets are underway.
Estimated Capital costs/development expenditures To be determined
Sources of revenues Electricity tariff
Expected life of the project Not Applicable
Environmental Sustainability & Resilience features To be determined
Contact Information

Renee Rattray  
Manager
PPP & Privatisation Division
Development Bank of Jamaica
Email: rrattray@dbankjm.com  
876-929-4000 Ext 4100

Matthew Mitchell
Account Executive
PPP & Privatisation Division
Development Bank of Jamaica
Email: mmitchell@dbankjm.com
876-929-4000 Ext 4177

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