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Additional $7.28b for Major Road Infrastructure Development Programme

Friday, January 18, 2019

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KINGSTON, Jamaica — An additional $7.28 billion has been allocated to the Major Infrastructure Development Programme (MIDP) in the second Supplementary Estimates for the 2018/19 fiscal year.

Minister of Finance and the Public Service, Dr Nigel Clarke, made the disclosure as he opened the debate on the estimates in the House of Representatives on January 15.

The Lower House approved the second supplementary estimates, which show that the administration is to spend an additional $11.45 billion for this fiscal year, increasing the budget from $791.11 billion to $802.56 billion.

Clarke said that at the start of the fiscal year, some $12.03 billion was voted for the MIDP. This allotment was increased in the first supplementary estimates to $19.34 billion, due to faster than programmed project execution.

He explained that the additional $7.28 billion will enable the substantial completion of the Mandela Highway road improvement works; settlement of some land acquisition; completion of all ancillary works – namely water supply and sewerage works being implemented on behalf of the National Water Commission; and the major asphalt installation on Constant Spring Road, St Andrew, and Ferris to Mackfield in Westmoreland.

The finance minister told the House that major works along Constant Spring Road, Hagley Park Road and Ferris to Mackfield will be substantially completed by the end of March this year.

He said that the Government, acting through the National Works Agency, is pursuing an aggressive construction schedule designed to reduce public inconvenience and dislocation.

MIDP is being funded through a loan from the China Ex-Im Bank valued at$30.58 billion (US$300 million), with the Government of Jamaica providing counterpart funding of $5.39 billion (US$52.94 million).

JIS


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