Mon | Sep 26, 2016

No money for those on the divestment block

Published:Friday | March 26, 2010 | 12:00 AM
Cane farmers in northern Clarendon cutting and transporting canes to be picked up and transported to the refinery. - Ian Allen/Staff Photographer

There is no provision in the 2010-2011 Budget for a number of entities which the Government has indicated its plans to divest.

The Sugar Company of Jamaica, The Citrus Company of Jamaica, Clarendon Alumina Partners and Caymanas Track Limited have all been cut from the Budget, freeing up billions of dollars.

However, the allocation to Air Jamaica has increased to $22.5 billion reflecting the provision for payments associated with the planned divestment of the airline.

A big chunk of that money will go towards redundancy payments for the airline staff who could be sent home within weeks.