CMA CGM took over Kingston, Jamaica Container Terminal.
- Autor:Tovi Wong
- Fuente:Shipping industry network
- Fecha de Publicación:2016-07-07
According to reports, a subsidiary of CMA CGM Kingston Freeport Limited (KFTL) took over Jamaica Kingston Container Terminal (KCT). By 2015, the company and the Port Authority of Jamaica entered into a 30-year franchise agreement.
Under the agreement, prior to the return of the pier, Kingston Freeport Limited take "build - operate - transfer (BOT)" mode is responsible for financing, construction and business expansion pier, wharf forthcoming privatization Kingston for 30 years.
That is, to fly to get $ 510 million marina franchise, is expected to invest at least another $ 600 million for the improvement of port infrastructure, such as the berthing of larger vessels and dredging, consolidate quay wall, with larger and more efficient shore crane and extending 1,200 meters berthing area.
In fact, back in 2011, to fly to Jamaica signed an investment agreement with the port authorities, agree on the Kingston Container Terminal project, invested about 100 million dollars, as a strategic investment.
Freeport Kingston Kingston Limited also intends to develop Hong Kong as the hub port in the Caribbean, in order to be able to rely on the recent expansion of the Panama Canal to flourish. Kingston is the capital of Jamaica, is an important port in Jamaica and the Caribbean.
It is reported that, after the first step of flying in to take over the terminal is taken by the dismissal of more than 800 Kingston Freeport Ltd. Kingston Port Container Terminal employees and to eligible workers re-employment opportunities.
Under the agreement, prior to the return of the pier, Kingston Freeport Limited take "build - operate - transfer (BOT)" mode is responsible for financing, construction and business expansion pier, wharf forthcoming privatization Kingston for 30 years.
That is, to fly to get $ 510 million marina franchise, is expected to invest at least another $ 600 million for the improvement of port infrastructure, such as the berthing of larger vessels and dredging, consolidate quay wall, with larger and more efficient shore crane and extending 1,200 meters berthing area.
In fact, back in 2011, to fly to Jamaica signed an investment agreement with the port authorities, agree on the Kingston Container Terminal project, invested about 100 million dollars, as a strategic investment.
Freeport Kingston Kingston Limited also intends to develop Hong Kong as the hub port in the Caribbean, in order to be able to rely on the recent expansion of the Panama Canal to flourish. Kingston is the capital of Jamaica, is an important port in Jamaica and the Caribbean.
It is reported that, after the first step of flying in to take over the terminal is taken by the dismissal of more than 800 Kingston Freeport Ltd. Kingston Port Container Terminal employees and to eligible workers re-employment opportunities.