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Zacca: Jamaica has competitive edge for logistics investment

Published:Monday | March 3, 2014 | 9:43 AM

A leading private sector stakeholder believes Jamaica has the competitive edge over Caribbean countries vying for a major Chinese investment.



China Harbour Engineering Company Limited has proposed to build a trans-shipment port on Jamaica’s Goat Islands, complete with its own coal plant for energy.



However, even as preparatory work for the requisite approvals begin, China Harbour last week signed an agreement with Trinidad and Tobago for a similar project.



The agreement with Trinidad is for the development of an economic zone, a transhipment port and dry-docking facilities.



The president of the Private Sector Organisation of Jamaica, Christopher Zacca, says while Trinidad may have the advantage in the area of energy, Jamaica is more favourable in several other areas.



Zacca says one such advantage is Jamaica’s large labour force.



Zacca says the Government must move quickly to complete the processes necessary for securing such an important Chinese investment.



However, he says the Government must ensure that the project does not breach environmental laws.



The Government has said the Cabinet will only consider giving its approval when all environmental assessments are carried out.



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