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Logistics hub project attracting other serious investment interests
2013-09-02 14:14:53 | (0 Comments)
Debbie-Ann Wright, News Editor - Radio
Anthony Hylton – File
Minister of Industry, Investment and Commerce, Anthony Hylton, is insisting that the proposed Goat Islands transshipment port is not the only aspect of the logistics hub for which the government has a firm investor.
There have been comments in the media that the Goat Islands are the surest shot the country has of capitalising on the opportunities being created by the expansion of the Panama Canal.
However, speaking on Real Business on Power 106 FM this morning, Hylton insisted that there are investors in place with serious interests in the other aspects of the project.
However, Hylton was not able to say what would be the value of those investments or how soon the country could expect to see work begin on those other developments.
He says at least one project is already before the Cabinet for approval.
The viability of the logistics hub project has been called into question in recent days following opposition to the use of the Goat Islands for development of a port on environmental grounds.
However, Hylton has noted that the Goat Islands project is just a part of the larger logistics hub project.
The proposed logistics hub project comprises a proposed dry dock for Jackson Bay in Clarendon, a commodities bay at Cow Port, St Thomas, improvements to the port of Kingston, establishment of the Caymanas Economic Zone and the development of Vernamfield.
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Source: The Gleaner/Power 106 News
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