UDC recruiting beach partners, buyer for Booby Cay
Acting on behalf of the Urban Development Corporation, the Development Bank of Jamaica (DBJ) is seeking private partners to manage four beach parks spread across Jamaica.
The targets include Fort Clarence Beach Park, Long Bay Beach Park One and Two, Bluefields Beach Park and Booby Cay.
The UDC is also willing to sell Booby Cay.
With the exception of this property, all will be privatised via concession, where ownership will be retained by the Government of Jamaica. PricewaterhouseCoopers has been engaged by DBJ as consultant to package the concessions.
The information memorandum to potential investors says interested parties will soon be able to bid for the management, operation or and development of the selected properties by way of a lease arrangement on one or all of the listed properties.
The DBJ's preliminary information guide indicates that concessionaires will be expected to "create premium family-oriented and recreational environment while facilitating the development/maintenance ofan environmentally friendly destination", and ensure that the current Blue Flag certification of water quality is maintained.
Fort Clarence is located along the Hellshire main road in St Catherine spanning 8.688 acres. Both Long Bay parks span 13 acres in Negril; while Bluefields lies in the south-eastern end of Westmoreland.
Booby Cay is situated just offshore of Long Bay, Negril, on some 4.23 acres.
The cay, located less than 1,000 feet away from the mainland, can be accessed by water mobile or boat. Its potential, DBJ indicates, lies in the fact that tourists and locals view it as a popular and secluded spot that can be developed commercially and marketed for private functions and parties, the DBJ indicates.