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FACT SHEET

Media Fact Sheet

Pearly Beach, St Ann

Major Completed Projects

Pearly Beach phase I- This beach has been developed as a prime location for local

Chapel Lane open market- Adjacent to the Coronation Market this has been

major events and for cruise passengers

refurbished and is now ready to be operated by private concessionaires

Victoria Pier Craft Market- this craft market has been refurbished and is now being

Sabina Park Lighting Project – completed July 31,2014

considered for private sector management

Dunn’s River Falls and Park- the Electronic Entry Management System installation was completed and went live in July 2014.

Ocho Rios Cruise Ship Terminal renovation - Upgrading of the Parking Area inside

the Terminal Compound, upgrading of roadway between the Port Gate & the Marina

New Forum Fishing Beach- Informal Settlers Relocation to Sector M East – Port

• Simon Bolivar Cultural Centre- this cultural Centre which is essentially a gift from the people of Venezuela is now ready to be handed over and operated as a major Cultural Centre.

Gate and the renovation of the Terminal Building completed. Henderson Road now virtually completed.


FACT SHEET

Simon Bolivar, Downtown Kingston

Ongoing

• Falmouth Restoration, Streetscape Improvements- Works for the Streetscape Improvement phase of the project is currently being procured. Estimated project completion date is August 2015. • Harbour Street Craft Market Renovation, Phase 2- Work completed • Montego- Bay Conference Centre (MBCC) Office Space Renovation- Works completed and Office established for JAMPRO, Jamaica Tourist Board, Tourist Product Development Company., Mobay Freeport Ltd • Pechon Street Car Park Development- Upgrading works are completed and the facility is ready to be leased to an operator. • Linstead Market- Phase 3- Phases 1 and 11 are now complete which include the repair of the canteen and the Old Market, inclusive of structural repairs. Phase 111 is almost complete and plans are in train for the start of Phase 4 • Festival Marketplace Phase I – Food Bazaar & Beautification of Waterfront- The Design Development has been completed and tenders issued for aspects of the work. A ground breaking ceremony is being planned.

Artist’s Impression Festival Marketplace to be located in Downtown Kingston


FACT SHEET

Forum Hotel, Portmore St. Catherine

Divestment Update

• • • • • • • •

Mahogany Hotel- was sold to a private investor for approximately J$240 million & is currently being refurbished. Forum Hotel- On the divestment agenda since 1991 now divested to a private sector group as a residential and commercial complex. The UDC sold the Forum Hotel in St. Catherine to Portmore Marine Development Limited for J$350M as part of the move to ensure best use of some of the assets under its control. Subsequent to this, the Corporation successfully relocated the informal settlers and business operators as well as other stakeholders to a nearby site. Oceana Hotel- Divested to a Jamaican-Canadian consortium of private sector interests for $J$385 million and is being refurbished as a hotel and business complex to catalyze downtown Kingston economy. The facility is proposed to be renamed Caribbean Place by the developers Machado Complex- Divested to Heart Trust for J$104 M to develop a downtown Kingston education and training complex to develop new skills Jamintel Building- Divested to Ministry of Transport & Works for J$150 million for their Transport Authority HQ Lot 21 Downtown Kingston- Sold to Grace Kennedy for $75M to develop a Commercial Centre and Parking Facility in downtown Kingston. Victoria Pier- leased to private investor to operate an upscale Restaurant Ideal Warehouse- leased to private investor and transformed into an Auction House

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