Proposals now being accepted for resort development project
Monique Grange, Assistant News Editor - Radio
The Ministry of Finance has opened the Request for Proposal (RFP) process for potential investors for the introduction of Integrated Resort Development.
The government is hoping to grow the hotel sector with accompanying casinos, entertainment, banqueting and other facilities.
The finance ministry says the RFP process began on June 1 and was made possible under the Casino Gaming Act which passed by the Parliament and the Senate last year.
The Ministry says interested investors have until September 30 to submit proposals.
It says the review process will not exceed four months after the deadline of submission of RFPs.
The application documents and a summary of the key RFP specification can be obtained from the Ministry of Finance and Planning website at www.mof.gov.jm.
The finance ministry says a Project Co-ordinator has been appointed to oversee the application process and to act as its agent.
In his budget presentation in April, the finance minister Dr Peter Phillips, said the project will lead to the expansion and enhancement of the tourism product and enable guests to have access to the full range of gaming facilities.
He said it will not only create jobs for many Jamaicans but will also trigger
new investments in the tourism sector.
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