Government to make changes to CHEC agreement
BY ALPHEA SAUNDERS Senior staff reporter saundersa@jamaicaobserver.com
Friday, May 22, 2015
THE Government has signalled its intention to make changes to its concession agreement with China Harbour Engineering Company (CHEC) for the construction of the north-south link of Highway 2000 to facilitate the speed at which the company is moving ahead with its own private development plans.Transport and Works Minister Dr Omar Davies said he will be seeking to have Cabinet amend the concession agreement to facilitate CHEC's plans to construct three hotels, 600 houses, and develop commercial properties.
In the meantime, Dr Davies also said a source of financing has now been identified for the construction of the proposed southern coastal highway, which preliminary estimates put at close to $1 billion (US$250 million ) for the first phase. Section one of the highway, which will link Kingston to Manchester , includes Harbour View to Port Antonio, starting with the Harbour View to Morant Bay leg.
BY ALPHEA SAUNDERS Senior staff reporter saundersa@jamaicaobserver.com
Friday, May 22, 2015
THE Government has signalled its intention to make changes to its concession agreement with China Harbour Engineering Company (CHEC) for the construction of the north-south link of Highway 2000 to facilitate the speed at which the company is moving ahead with its own private development plans.Transport and Works Minister Dr Omar Davies said he will be seeking to have Cabinet amend the concession agreement to facilitate CHEC's plans to construct three hotels, 600 houses, and develop commercial properties.
In the meantime, Dr Davies also said a source of financing has now been identified for the construction of the proposed southern coastal highway, which preliminary estimates put at close to $1 billion (US$250 million ) for the first phase. Section one of the highway, which will link Kingston to Manchester , includes Harbour View to Port Antonio, starting with the Harbour View to Morant Bay leg.
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