Monday, 22 October 2007
The Government is to modify arrangements made by the previous administration for the privatisation of the country's railway system.
However, it says it is still interested in continuing negotiations with a group of Chinese investors.
Transport Minister Mike Henry says the first step will be to appoint a new Board for the Jamaica Railway Corporation (JRC).
Mr. Henry told RJR News that an assessment will then be carried out on the progress made by the former Government in wooing investors.
The former government had announced several plans to restore the rail service.
Four years ago a deal with an Indian consortium for the sale of the railway fell through.
Since then there has been talk of the Chinese Government giving assistance for the privatisation of the JRC.
The Government is to modify arrangements made by the previous administration for the privatisation of the country's railway system.
However, it says it is still interested in continuing negotiations with a group of Chinese investors.
Transport Minister Mike Henry says the first step will be to appoint a new Board for the Jamaica Railway Corporation (JRC).
Mr. Henry told RJR News that an assessment will then be carried out on the progress made by the former Government in wooing investors.
The former government had announced several plans to restore the rail service.
Four years ago a deal with an Indian consortium for the sale of the railway fell through.
Since then there has been talk of the Chinese Government giving assistance for the privatisation of the JRC.
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