PRIVATISATION & PUBLIC-PRIVATE PARTNERSHIPS (P4)
Over the past four decades, the Government of Jamaica has been relinquishing its interests in assets that span sectors including the financial, utilities, transport, tourism and agro-processing sectors through modalities that include divestments through asset sales and leases and public-private partnerships.
The Government’s central implementing agency for the country’s Privatisation and Public-Private Partnerships (P4) programme is the DBJ and, within the Bank, the P4 Division:
- Works in collaboration with the Ministry of Finance and the Public Service’s (MOFPS) PPP Unit to assess PPP projects across the public sector; and
- Manages the development, assessment and execution of transactions on behalf of the Government, in collaboration with Enterprise Teams and the Ministries, Departments and Agencies.
Through the P4 programme, investors are invited to own or operate state-owned assets or partner with the Government to deliver public infrastructure and services.
Some of the most successful P4 transactions completed include:
- Highway 2000 PPP via the (National Road Operating and Construction Company (NROCC)
- Kingston Container Terminal PPP – DBJ/Port Authority of Jamaica (PAJ)
- Norman Manley International Airport PPP – DBJ/Airports Authority of Jamaica (AAJ)
- North-South Highway PPP – NROCC
- Sangster International Airport (SIA) PPP – National Investment Bank of Jamaica (NIBJ)/AAJ
- Caymanas Track Ltd – DBJ/MOFPS
- Jamaica Pegasus Hotel Divestment – DBJ/Urban Development Corporation (UDC)
- Petroleum Company of Jamaica – DBJ/Petroleum Corporation of Jamaica (PCJ)
- Wigton Windfarm – DBJ/PCJ
- Greater Bernard Lodge Development – DBJ/Sugar Company of Jamaica (SCJH)