Breaking news: Jamaican government to cash in on major highway deal – find out more now!

As the sun sets on another day in Jamaica, a new dawn is on the horizon for the country’s economic landscape. The Government of Jamaica is set to make significant moves in the realms of investment and divestment, shaping a future that spells growth and prosperity for the nation.

1. Divestment Plans Unveiled by Prime Minister:
   • The government is set to sell its $10-billion stake in TransJamaican Highway Limited and divest outsourcing assets held by the Port Authority of Jamaica.
   • Prime Minister Dr. Andrew Holness unveiled these plans at the 20th JSE Regional Investments & Capital Markets Conference.
2. TransJamaican Highway Limited and its Current Standing:
   • The government will be divesting its 20% stake in TransJamaican Highway Limited, held through National Road Operating and Constructing Company Limited, through a public offer for sale on the JSE.
   • The company, with a nearly $53 billion market capitalization, has seen immense growth in value, tripling since its listing in March 2020.
   • With a 35-year concession for the East-West toll corridor, TransJamaican Highway Limited boasts substantial growth potential and robust financial performance.
3. Port Authority of Jamaica’s BPO Asset Divestment:
   • The PAJ will be divesting its BPO assets through a public offer for sale via the JSE, with the outsourcing assets to be transferred to a new entity listed on the JSE.
   • The assets include significant holdings in special economic zones, totaling an estimated $82 billion in total assets.
   • The move reflects the government’s commitment to facilitating public ownership of state assets through strategic divestments.
4. Future Prospects and Divestments on the Horizon:
   • The government’s policy aims to drive public ownership of state assets through the stock market, with upcoming divestments including Jamaica Mortgage Bank and government shares in Jamaica Public Service Company Limited.
   • These divestments are poised to attract more investors to the market, driving economic growth and expanding opportunities for public participation in the country’s burgeoning sectors.

As Jamaica paves the way for a new era of economic empowerment and growth, these strategic divestments underscore the government’s commitment to fostering a vibrant investment landscape. With the stage set for exciting developments in the realm of infrastructure and outsourcing, the nation stands poised to unlock its full potential and usher in a new wave of prosperity.