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Discussion Starter · #1 · (Edited)
Caymanas Economic Zone




On approximately 1,000 acres of prime real estate at Ferry, St Catherine emerges the plan for the Caymanas Economic Zone (CEZ). Home to the next great economic location for Jamaican enterprise and described by Minister Karl Samuda, Ministry of Industry, investment & Commerce (MIIC) as perhaps the most efficient utilisation of the resources located in the Caymanas area, it is anticipated to provide economic stimulus to the area and create a considerable number of new jobs in the next 3-5 years.

MIIC has been collaborating with the UDC, the Port Authority, the Ministry of Transport and Works and the Ministry of Agriculture to complete an impact assessment and other studies including ones for the provision of potable water and traffic impact.

To add to its attractiveness, it is envisioned that the Tinson Pen airstrip will be relocated to a site adjacent to the economic complex and that there will be a leg of the railway that will lead to the port. All of which the Minister added, is critical to the overall development.
 

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Environment delays Caymanas Economic Zone

CONSTRUCTION of the Caymanas Economic Zone (CEZ) is likely to be stalled once more, despite assurances by developers that ground will be broken by the end of the year.
Designs for the development have been completed but the Factories Corporation of Jamaica (FCJ) is still awaiting approval from the National Environmental Protection Agency to begin the project.
 

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Discussion Starter · #5 ·
FCJ sets start date for Caymanas CEZ

Clive Fagan, chairman of the Factories Corporation of. Jamaica (FCJ), says development of the first. Phase of the Caymanas Economic Zone (CEZ) will begin in the first quarter of 2013.

Simultaneously, work is expected to begin in Naggo Head, Portmore, on an information and communications technology(ICT) centre

The CEZ, slated for light industry, is also expected to facilitate ICT, as well as business process outsourcing at a 200-acre site

Fagan declined comment on the indicative cost of the projects- to be done as public-private partnerships (PPP) - saying the bids to be invited would, ultimately, determine the price tag

However, timelines for public tender have not yet been decided.

Read more here: http://jamaica-gleaner.com/gleaner/20120907/business/business5.html
 

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Discussion Starter · #6 ·
Factories Corp Begins Int'l Search For CEZ Partner

Factories Corporation of Jamaica (FCJ) is hunting internationally for a joint-venture partner to develop infrastructure for the Caymanas Economic Zone (CEZ) and Naggo Head information technology (IT) centre projects.

FCJ Chairman Clive Fagan indicated that the Government is prepared to offer inducements to potential investors, including new incentives now being finalised.

FCJ began inviting bids last Sunday, two years into the formulation of plans for the CEZ as a distribution/manufacturing hub. The Ministry of Industry, Investment and Commerce has tied the CEZ and IT projects to port-development programmes being handled by the transport ministry and is promoting them as components of a wider plan to position Jamaica as a global logistics hub.
 

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Discussion Starter · #7 ·
Work to Begin on Caymanas Economic Zone by May

Work is expected to begin on the Caymanas Economic Zone (CEZ) project by May this year, Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, has announced.

This project is one of several elements comprising the Government’s Logistics Hub initiative.

Development of the proposed trans-shipment and logistics hub is being undertaken by the Government in a bid to position Jamaica to take advantage of the anticipated increased maritime activities, expected to result from the expansion of the Panama Canal, by 2015.

Speaking at a press conference at his St. Lucia Avenue offices in New Kingston on Friday, February 8, the Minister pointed out that tenders were invited for the development, and the bids, which were received “from all over the world”, are now being evaluated.

“Once the evaluation process is completed, in time, a decision will be made as to which of the several persons or entities that tendered, will be selected to implement the project. The timeline, given where we are today, and what is involved in the process, we confidently believe that…we would have named the persons by the end of February/ March, and some element of the work should begin by May,” he said

Read more here: http://www.jis.gov.jm/news/leads-107/32951
 

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Discussion Starter · #11 ·
Strong Response to Caymanas Economic Zone Tender

TUESDAY, 19 MARCH 2013 13:49

There has been an overwhelming response to the Government’s tender for the development of the Caymanas Economic Zone.

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the reaction to the first offer is such that the Government can go ahead with the project.

“The response has come from all over the world and is at a level that we don’t need to re-tender. What we have on the table is sufficiently exciting that we need to just proceed to get it done,” Minister Hylton discloses.

He states that the tremendous response confirms that “we have a world class project that everybody is interested in”.

Minister Hylton was addressing business persons at a St. Thomas Chamber of Commerce forum on the Jamaica Logistics Hub Initiative, held recently at the Whispering Bamboo Cove Resort in Retreat in the parish.

He informed that Jamaican investors are among the bidders who are being evaluated. He said he expects that the results from the bids will be announced within the next two weeks, with Cabinet to be informed in the first instance. Work is scheduled to begin in May.
 

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Discussion Starter · #12 ·
Factories Corp Identifies Equity Partner For CEZ-Naggo Head Project

Published: Friday | January 10, 2014

Factories Corporation of Jamaica (FCJ) has identified an equity partner to develop the first phase of the Caymanas Economic Zone (CEZ) and related projects, but is awaiting Cabinet approval to seal the deal.

FCJ Chairman Clive Fagan says the agency will finalise negotiations for the project - the plans for which were first mentioned six years ago - once Cabinet completes its review of the recommended bid.

The state developer of factory space got 10 bids from a request for proposals issued in December 2012, according to the chairman, and recently made its recommendation to Cabinet.

Fagan said Factories Corp has placed before Cabinet a proposal for the development of new ICT space under joint-venture partnership between the FCJ and an unnamed overseas company.

US$100-million budget

The project includes 750,000 square feet of ICT space at Naggo Head in Portmore budgeted at US$100 million for construction, he said. However, the amount of space to be developed at the Caymanas Economic Zone was not disclosed.

Factories Corp currently has 175,000 square feet of space under management and the Naggo Head project alone will grow its portfolio fivefold.

Fagan said the amount of space to be sold and that intended for lease "is subject to further negotiations" with FCJ's equity partner.

The CEZ is slated for light industry, including ICT/business process outsourcing at a 200-acre site acquired from the Urban Development Corporation.
 
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