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  • $6-b upgrade

    FCJ secures loan for upgrade of old Goodyear Factory into urban centre

    Sunday, January 30, 2022
    BY AVIA USTANNY COLLINDER

    Senior business reporter

    THE Factories Corporation of Jamaica (FCJ) said Friday that it has secured financing for the upgrade and expansion of the old Goodyear factory into the Morant Bay Urban Centre (MBUC).


    FCJ Chairman Lyttleton “Tanny” Shirley indicated in a press release on Friday January 28 that one week ago, on Friday January 21, directors of the Morant Bay Urban Centre Company Limited met with the National Commercial Bank (NCB).

    The funding is in the amount of $6 billion and is described by the FCJ as a construction loan. The agreement paves the way for China Harbour Engineering Company Limited to begin construction activities at the old Goodyear factory facilities in Springfield, St Thomas.

    https://www.jamaicaobserver.com/sund...-centre_242664
    Hey .. look at the bright side .... at least you're not a Liverpool fan! - Lazie 2/24/10 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

  • #2
    why would the newspaper describe it as an "upgrade"?

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