What has been accomplished to date?

• Logistics Hub retreat in January 2013 brought together Ministries, Departments and Agencies (MDA) and allowed for more coordinated action
• Pre-feasibility Study
• Cabinet established inter-governmental Logistics Taskforce
• Creation of inter-governmental working groups
• Meetings with investors from China, Singapore, Rotterdam, Kuwait, Dubai, Germany, Canada, USA, Europe
• World Class investors and operators actively engaged in securing assets being privatized
• Proposed $1.5 billion investments for Port Esquivel Economic Zone
• Expression of interest from world class Drydock operator to establish facility to repair ships and oil rigs
• Expression of interest to establish maintenance, repair and overhaul facility
• Expression of interest from Chinese Company, ZPMC to establish crane assembly plant
• Expression of interest from Chinese company to develop Special Economic Zone and transhipment port
• Proposals for the establishment of several industrial parks
• Proposals to build and operate Vernamfield airport from Canadian and Middle East investors
• Formation of the policy steering committee that will guide the development of the policy framework for the SEZ regime
• Cabinet approval of the Public Private Partnership (PPP) structuring for the operation of the Kingston Container Terminal (KCT)
• Cabinet has approved the upgrade of some air navigation systems to meet international aviation requirements to facilitate projected long term growth in air traffic and improve air safety
• Upgrading of customs management systems to ensure a more streamlined and efficient customs experience
• Logistics 101 awareness sessions delivered to thousands of Jamaicans
• Institutions’ development of courses and TVET training in Logistics
• The Superform, Security Interest in Personal Property (SIPP) Bill and collateral registry, which form part of the Government’s business reform agenda, designed to enhance the investment environment and ultimately spur entrepreneurship and economic growth

A critical element in the equation to make the Logistics Hub successful is the involvement of suitable, long-term investors. The GOJ is already in conversations with some prospective partners as well as looking for new ones