BUSINESS: KCT bid deadline pushed back to July
The deadline for bids for Jamaica’s main cargo port Kingston Container Terminal has been pushed back from May 22 to July 3.
“This was in response to a request for extension of time by one of the short-listed companies,” Minister of Transport Dr Omar Davies said Wednesday in his contribution to the sectoral debate in Parliament.
Under the new timeline for divestment, a provisional preferred bidder will be selected by August or September, followed two to three months later by the contract award, the minister said.
The three bidders are Ports of Singapore International, Dubai Ports, and Terminal Link Consortium. The consortium comprises Terminal Link, CMA-CGM, and China Merchant Holdings International, Davies said.
The privatisation of the Norman Manley International Airport (NMIA) is also continuing.
“If all goes according to plan, the airport will be in private management by mid-year 2015,” Davies said.