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THINGS are chugging along nicely for the Jamaica Railway Corporation (JRC), according to the Estimates of Expenditure tabled in the Gordon House by Finance and the Public Service Minister Nigel Clarke recently.
The rail service — with its staff complement of 51 — is projecting a net profit of $61.7 million for 2020/21, an increase of the estimated $20.2 million projected for the 2019/20.
The increased profitability is attributed to the user rights granted to West Indies Alumina Company (WINDALCO), which operates a freight service along a section of the track. This arrangement has been in place since December 1990.
To maximise the economic use of the rail, efforts will continue towards facilitating the rehabilitation of a viable rail network from Kingston to Montego Bay for passengers, freight, as well as heritage tourism.
The JRC will also continue to pursue initiatives to improve the management of its extensive real estate portfolio with a view to increasing the overall return on assets.
The path to profitability is somewhat similar to that of former transport minister, Mike Henry's call for a multi-modal transport system to help drive the economic development of Jamaica.
http://www.jamaicaobserver.com/auto/...5?profile=1606
The rail service — with its staff complement of 51 — is projecting a net profit of $61.7 million for 2020/21, an increase of the estimated $20.2 million projected for the 2019/20.
The increased profitability is attributed to the user rights granted to West Indies Alumina Company (WINDALCO), which operates a freight service along a section of the track. This arrangement has been in place since December 1990.
To maximise the economic use of the rail, efforts will continue towards facilitating the rehabilitation of a viable rail network from Kingston to Montego Bay for passengers, freight, as well as heritage tourism.
The JRC will also continue to pursue initiatives to improve the management of its extensive real estate portfolio with a view to increasing the overall return on assets.
The path to profitability is somewhat similar to that of former transport minister, Mike Henry's call for a multi-modal transport system to help drive the economic development of Jamaica.
http://www.jamaicaobserver.com/auto/...5?profile=1606
Paul Marin -19 is one thing, 20 is a whole other matter. It gets even worse if they win the UCL. *groan*. 
05/18/2011.MU fans naah cough, but all a unuh a vomit?-Lazie 1/11/2015