12 parcels of JIDC land to be transferred to FCJ
KINGSTON, Jamaica — Cabinet has approved the transfer of 12 parcels of land and industrial estates previously under the purview of the defunct Jamaica Industrial Development Corporation (JIDC) to the Factories Corporation of Jamaica (FCJ).
Minister of Education, Youth and Information, Senator Ruel Reid made the disclosure at a post-Cabinet press briefing this morning at Jamaica House.
He said that Cabinet also supported the compulsory acquisition of four privately owned properties at an estimated total cost of $12.5 million for upgrade.
They are: Lot R, 140 Sydenham, St Catherine; part of 81 St Johns Road, St Catherine; part of 12 Cedar Valley Road, St Andrew; and parts of 6 Cedar Valley Road, St Andrew.
When quizzed about the Government’s intention for the four parcels of land, Reid said that they would be used for housing development
More information later.