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JCC, JMA and PSOJ question NHT purchase of Outameni attraction, call for investigation



Jamaica Manufacturers’ Association | 2014-11-06 00:00:00

The Jamaica Chamber of Commerce (JCC), Jamaica Manufacturers’ Association (JMA) and the Private Sector Organisation of Jamaica (PSOJ), are questioning the National Housing Trust’s decision to spend $180 million to purchase the Outameni Experience with further plans to upgrade the facilities at a cost exceeding $100 million, and to operate the attraction as a going concern.

The groups argue that over the years, Outameni, which was owned by private sector interests, has proven to be a loss making entity, despite repeated efforts to make it a profitable tourist attraction. It is questionable to now think that the government, which generally has fewer management resources than the private sector, will now be able to bring the company to profitability. This will lead to continual losses accruing to the NHT.

The private sector groups also question how this decision to purchase a private attraction at this time can be reconciled with Government's stated policy of divestment of non-core assets, and are calling on the Government to explain this apparent contradiction.

In light of the foregoing, the JCC, the JMA, and the PSOJ call on both the Office of the Contractor General, and the Auditor General to immediately initiate investigations into this matter.
 
 




Posted By :Rochelle Roye

Company Name : Jamaica Manufacturers’ Association

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