The government has unveiled a 200 billion dollar development project which is to span the entire Caymanas Estate in St. Catherine.
This development could lead to ten thousand jobs over the next two years.
The announcement was made at Wednesday's Post Cabinet press briefing following controversy over the purchase of land at Ferry by the Urban Development Corporation (UDC).
Days after fending off a firestorm over the acquisition of the land at Ferry, the government has provided extensive details about plans to create the Caymanas Economic Zone which it says is tailor-made for long term mega development.
Investment and Commerce Minister Karl Samuda, says a consortium of Chinese investors as well as local private sector power brokers will be joining forces to develop the area.
"The project is to build units that will serve the ICT industry, warehousing, light manufacturing including agro-processing, it is intended that eventually the Tinson Pen will be relocated to a site adjacent to the economic complex," he said.
The Urban Development Corporation (UDC) has drafted the terms of reference and scopes of work for technical studies to be carried out on the project to cover traffic management, drainage, environmental impact, sewage, water distribution.
Mr. Samuda says the government hopes to stick with deadlines to roll out several phases of the project over the next two years.
He said he's optimistic about the financial viability of the project despite uncertainty and gloom in the global economy.
http://www.radiojamaica.com/content/view/13204/26/
This development could lead to ten thousand jobs over the next two years.
The announcement was made at Wednesday's Post Cabinet press briefing following controversy over the purchase of land at Ferry by the Urban Development Corporation (UDC).
Days after fending off a firestorm over the acquisition of the land at Ferry, the government has provided extensive details about plans to create the Caymanas Economic Zone which it says is tailor-made for long term mega development.
Investment and Commerce Minister Karl Samuda, says a consortium of Chinese investors as well as local private sector power brokers will be joining forces to develop the area.
"The project is to build units that will serve the ICT industry, warehousing, light manufacturing including agro-processing, it is intended that eventually the Tinson Pen will be relocated to a site adjacent to the economic complex," he said.
The Urban Development Corporation (UDC) has drafted the terms of reference and scopes of work for technical studies to be carried out on the project to cover traffic management, drainage, environmental impact, sewage, water distribution.
Mr. Samuda says the government hopes to stick with deadlines to roll out several phases of the project over the next two years.
He said he's optimistic about the financial viability of the project despite uncertainty and gloom in the global economy.
http://www.radiojamaica.com/content/view/13204/26/
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