Williams urges Jamaicans to invest in TransJamaican Highway
KINGSTON, Jamaica— Finance Minister Fayval is urging Jamaicans to take advantage of opportunities that could lead to wealth creation.
Specifically, she is encouraging individuals to invest in TransJamaican Highway Limited, in which the government is divesting its 20 per cent stake.
Williams spoke to the issue on Tuesday as she opened the 2025/26 Budget Debate at Gordon House. She reminded that in January 2025, the government announced its intention to divest its holdings in the TransJamaican Highway in an effort to broaden public ownership of critical assets.
NROCC, which is the entity with the 20 per cent holdings, is seeking to raise up to $6,302,520,000 through the offer of 1,750,700,000 ordinary shares at J$3.60 or US$0.0228 per share.
Williams noted that NROCC has reserved the right to upsize the offer by an additional 750,300,000 ordinary shares in the event of oversubscription. The invitation opened at 9:00 am on Tuesday, March 4, and is scheduled to close at 4:00 pm on Tuesday, March 18.
“Only $3,600 for 1,000 shares. Jamaicans, you know what to do,” Williams said.
“This government will continue to incubate and bring to market sound investments for the people of Jamaica to create their prosperity,” she added.
TransJamaican Highway Limited is the concessionaire of Highway 2000 East-West, Jamaica’s first toll road. Its subsidiary, Jamaican Infrastructure Operator, is the operator of the road network under an operations and maintenance agreement.
Its core business activity is the development, operation, and maintenance of the tolled road network in Jamaica known as the “Highway 2000 East-West,” a 50 km tolled motorway with two distinct corridors—T1—43.5 km between Kingston and May Pen and T2—6.5 km between Portmore and Kingston.
Williams highlighted that TransJam serves an expansive customer base with an average of 70,000 vehicles daily and peaks of approximately 100,000 during the Christmas period. Its customers include all individuals and commercial entities that utilise the TransJam Highways toll road network.
This encompasses private vehicle owners, commercial truck drivers, and public transportation operators.
