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Jamaica has used the concession model before for both the toll highway now owned and operated by French construction company Bouygues, and for the Sangster International Airport in Montego Bay operated by the MBJ Airports consortium. The highway is under a 35-year agreement that was negotiated by DBJ; while the airport is a 30-year concession - both of which have been in operation now for a decade.
DBJ said the Government signed off on the plan to negotiate a concession agreement for KCT in March.
It said that as far as possible, the concession will give the preferred bidder the right to purchase the equipment of KCT as part of the package.
KCT is owned by the Port Authority of Jamaica and operated by subsidiary Kingston Container Terminal Services Limited.
DBJ said the Government signed off on the plan to negotiate a concession agreement for KCT in March.
It said that as far as possible, the concession will give the preferred bidder the right to purchase the equipment of KCT as part of the package.
KCT is owned by the Port Authority of Jamaica and operated by subsidiary Kingston Container Terminal Services Limited.