Government road infrastructure plan
Transport and Works Minister Mike Henry today outlined plans for the government’s elaborate road and infrastructure plan to create 18,000 new jobs yearly over the next five years.
Mr Henry told the post cabinet press briefing that the first set of jobs will come when the Jamaica Infrastructure Road Development Programme gets underway in April.
Patrick Wong, the Chief executive officer for the National Works Agency, which will be implementing the programme says about 1,200 jobs are expected to be created on the Palisades leg of the road programme.
The programme is mainly being funded by a 3 per cent loan of US$400 million from the Chinese Government.
However, a condition of obtaining the loan is that Jamaica maintains the fuel tax it implemented last year and that it be retained for at least five years.
When the government implemented the $8.75 cents per litre tax it said 20 per cent would go to the Road Maintenance Fund.
Today Mr Wong reported that the Fund has so far received $1.53 billion in revenue from the tax and noted that it will be critical to the repayment of the loan to the Chinese Government.