|
|
|
The North
Coast Highway development has led to further
investment in the hotel industry.
|
Upgraded roads and ports and the increased
accessibilty this offers is attracting the interest
of international investors and improving daily
life for residents.
In 1999 the government announced the Millennium
Projects Program, a multi-year infrastructure
development plan which had as its centerpiece
the construction of the massive Highway 2000.
Since then Jamaica has gone on to upgrade its
airports, public transport systems, ports and,
most importantly, its highways. Other Millennium
projects included the construction of four industrial
parks, a major cargo facility at Vernamfield
on Jamaicas south coast and the establishment
of a new population center in the middle of
the island. Today, Jamaica is on the receiving
end of the many benefits of these investments,
As progress continues on all fronts, continuing
growth in the islands infrastructure is
leading to an economy surging with a fresh influx
of foreign investment that this new capacity
has enabled. The Ministry
of Transport and Works continues to be the
driving force behind the bold steps changing
the face of Jamaica.
|
|
|
ROBERT
PICKERSGILL
Minister of Transport and Works
|
In January of this year completed segments
of Highway 2000 were already registering daily
use far exceeding original estimates and, as
the previously arduous and lengthy task of traversing
the mountainous interior of the island was gradually
replaced with the ease and speed the highway
provides, the secondary effects on Jamaicas
development were beginning to change the face
of the island. We believed that the road
to development was the development of roads,
says Minister of Transport and Works Robert
Pickersgill, who adds that the development
of the North Coast Highway, a spin-off of Highway
2000, has opened up a whole range of new possibilities.
Many hotel investors were awaiting infrastructure
improvements there, and once it became clear
that it was going to happen, there has been
a steady flow of investment. We just had a visit
from the Spanish Ambassador and he spoke of
10,000 new hotel rooms in the next five years,
and this is all because of the development in
roads. For Jamaicans, says Minister Pickersgill,
the reduction of commuting times from surrounding
towns to Kingston has been cut from hours to
practically minutes, and this contributes to
a rise in quality of life that makes the small
tolls on the highway seem insignificant.
|
‘Jamaica is on the verge
of a major take-off in terms of becoming
the Dubai of the Caribbean, and a major
commercial center’
|
The Port of Kingston, which is the seventh
largest natural harbor in the world, is now
entering its fifth stage of expansion, and it
is looking to expand its commercial free zone
facilities to provide logistics services for
companies worldwide. Also, new distribution
centers on the island such as Tinson Pen have
been equally as exciting. The Port of Kingston
has been undergoing rapid and major expansion
throughout the last few years and the Port Authority
is aiming to convert Jamaica into a major logistics
and distribution hub for the Americas. Ongoing
talks with China, as well as recent agreements
with international shipping companies such as
Israeli-ZIM Lines, are boosting the Ports
stature and pointing to a major turning point
in the countrys importance as a major
international logistics center. Our thinking
in terms of the future development of Jamaica
is as the main distribution hub, as well as
the commercial center of the Caribbean region,
states Vice-President of the Port Authority
of Jamaica Robert Stephens. We are one
of the few ports that have the capacity to handle
the big shipping lines, and there are few ports
in the region that can take a ship that is in
excess of 8,000 TEUs (twenty-foot equivalent
units). Certainly, from the perspective of investors
and the people involved in the shipping industry
worldwide, Jamaica is on the verge of a major
take-off in terms of becoming the Dubai of the
Caribbean.