It will happen! — It’s not just another announcement.
That’s the central message of the Industry, Investment and Commerce Minister, Anthony Hylton, as he announced the planned signing of a Memorandum of Understanding, MoU, with German-Austrian owned KraucK Group to implement aspects of the government’s logistics hub initiative.
The company is to invest 5-billion US dollars or 5-hundred-and-76-billion Jamaican dollars in the project.
Minister Hylton says the planned investment is proof Jamaica is an attractive and viable option to develop the hub.
The Investment Minister, Anthony Hylton, beams as he announces that he will sign the MoU with the Krauk Group on Monday for five billion US dollars in investments in Jamaica.
He describes it as the largest investment in Jamaica.
He says the KrauK Group is bringing exceptional technical skills to the government’s Logistics Hub initiative.
He says of significant importance is the Group’s ability to secure financing from a New York based company — Anchor Financial Group.
Mr Hylton says KrauK has been working extensively on the ground in Jamaica to determine whether their investment in the Logistics Hub initiative would be feasible.
Mr Hylton says KrauK is also pleased with the privatization of the Kingston Container Terminal as this is a major step towards the hub project becoming a reality.
He says Krauk is interested in the proposed developments at Vernamfield in Clarendon, the Caymanas Special Economic Zone in St. Catherine and the construction of a dry dock.