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 DBJ is the Government’s central implementing agency for the country’s Public-Private Partnerships and Privatisation (P4) programme.

The DBJ’s P4 Division:

• Works in collaboration with the PPP Unit in the Ministry of Finance and the Public Service to assess PPP projects across the public sector; and

Manages the development, assessment and execution of PPP & Privatisation 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:

PPPs

• 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

Privatisations

• 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)