Public/Private partnerships key part of Govt's development plan, says PM
Prime Minister, Andrew Holness (second left) and Chief Executive Officer (CEO) and Director of Jamaica Producers Group Limited, Jeffery Hall (second right), shake hands while holding the signed contract between the Government and Rio Cobre Water Limited for the construction of a new US$77-million water treatment plant in Content, St Catherine. Looking on (from left) are President, National Water Commission (NWC), Mark Barnett and Managing Director, Vinci Construction Grands Projets, Timothée Delebarre. The signing was held at Jamaica House in Kingston on Wednesday (November 23). Photo: JIS

KINGSTON, Jamaica — Prime Minister, Andrew Holness, says public-private partnerships (PPPs) are an important feature of the Government’s growth and development plans.

“As a people, we can't move forward unless we have a strong and innovative entrepreneurial private sector that will come and work with the Government to create the public goods that we all benefit from,” Holness noted.

The Prime Minister was addressing a contract-signing ceremony between the Government and Rio Cobre Water Limited for the construction of a new US$77-million water treatment plant in Content, St Catherine.

The facility, which is expected to be the second largest in Jamaica, will be able to transfer 15 million imperial gallons of water, benefiting approximately 150,000 customers.

Speaking at the ceremony, held on Wednesday, November 23 at Jamaica House in Kingston, Holness said that the Government has remained strategic in its PPP Policy, noting that the arrangements have helped to attract private capital to develop critical public infrastructure.

“We have successfully used PPPs to develop our airports, our seaports and highways, and we have used it in power generation. Now [we’re] using it in water and we intend to use it in the provision of housing, educational services, infrastructure [and] in health as well,” he noted.

Holness said that PPPs have also brought “dead assets to life”.

“We had them [the assets] on our balance sheet but they were really of no value because we weren't able to use them. We weren't able to get them operational and we didn't have the money to bring those assets to life. Using PPPs, we have brought life to those assets,” he emphasised.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at https://bit.ly/epaper-login

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy