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CHEC adds 1,400 more rooms to planned North South Highway hotels
BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com
Saturday, May 09, 2015
CHINA Harbour Engineering Company (CHEC) is now eyeing the development of an additional 1,400 rooms on its planned hotels along the North South Highway.
Under the concession agreement with the developers of the North South link, the Government of Jamaica has provided CHEC with approximately 1,200 acres of land contiguous to the highway for development. Additionally, CHEC has the right to build, own and operate the tolled highway for 50 years, following investments of more than US$600 million ($69 billion) for the highway construction.
Earlier this year, Minister of Transport, Works and Housing Omar Davies reportedly stated that CHEC was considering the construction of three hotels with 1,000 rooms from lands granted to the company under the agreement, along with intentions of engaging in housing and commercial developments.
But in his contribution to the Sectoral Debate 2015/2016 last month, Davies said the proposed development would include nearly 2,400 rooms.
CHEC adds 1,400 more rooms to planned North South Highway hotels
BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com
Saturday, May 09, 2015
CHINA Harbour Engineering Company (CHEC) is now eyeing the development of an additional 1,400 rooms on its planned hotels along the North South Highway.
Under the concession agreement with the developers of the North South link, the Government of Jamaica has provided CHEC with approximately 1,200 acres of land contiguous to the highway for development. Additionally, CHEC has the right to build, own and operate the tolled highway for 50 years, following investments of more than US$600 million ($69 billion) for the highway construction.
Earlier this year, Minister of Transport, Works and Housing Omar Davies reportedly stated that CHEC was considering the construction of three hotels with 1,000 rooms from lands granted to the company under the agreement, along with intentions of engaging in housing and commercial developments.
But in his contribution to the Sectoral Debate 2015/2016 last month, Davies said the proposed development would include nearly 2,400 rooms.
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