JISCO to Spend $3 Billion on Industrial Park and Special Economic Zone at Nain

Jamaica News: Chinese entity, Jiuquan Iron and Steel Company (JISCO), plans to invest more than US$3 billion to develop the Gansu Industrial Park and Special Economic Zone in Nain, St. Elizabeth, where it operates the Alpart alumina refinery.

The park, which is expected to generate approximately 60,000 jobs, is pivotal to Jamaica’s Logistics Hub Initiative (LHI), development of which is being spearheaded by the Jamaica Special Economic Zone Authority (JSEZA).

It is one of the three largest being developed by the Authority. The others are the Caymanas Special Economic Zone in St. Catherine, and Vernamfield Aerotropolis in Clarendon.

Work on the park’s development is expected to get under way by year end.

Chairman of the JSEZA, Metry Seaga, provided details during a media briefing at the Authority, Waterloo Road, St. Andrew, on Wednesday (June 20).

Mr. Seaga said the park’s phased development will involve the establishment of a bauxite/alumina refinery and an electricity plant to power this and other businesses that are set up; and a smelter that will underpin JISCO’s focus on manufacturing aluminium and its by-products locally.

“I think it is important that we, as Jamaicans, understand the game changer that this is going to be. It is going to transform, not only St. Elizabeth, but all the towns around it. Most importantly, this has the backing of the Government of the People’s Republic of China. This is real and we are going to make it happen,” the Chairman said.

Meanwhile, Mr. Seaga, who indicated that this is part of a wider project targeting housing developments, said JISCO has given an undertaking that liquefied natural gas (LNG) will be utilised to generate power.

“(They) made it very clear that this is not going to be a concrete jungle… and that they are going to make sure that this is ecologically friendly… with lots of green space. So, that’s encouraging,” he added.

Meanwhile, JSEZA Chief Executive Officer, Dr. Eric Deans, said the key summary findings of the Logistics Hub Initiative Master Plan, which was recently endorsed by Cabinet, articulate the creation of three new towns around these SEZs that will impact 75,000 households and 220,000 residents, “but, more importantly, a market reach of 80 million persons”.

 

Source: JIS News

Please send us your Feedback, News Item, Photos and/or Videos to our WhatsApp Number 1-876-353-1389 or Email [email protected]
- Subscribe to our Youtube channel
- Like us on Facebook
- Follow us on Twitter
- Follow us on Instagram

Innswood High School Miss Congeniality 2019

Recently Published

TWENTY-FOUR ARRESTED, THREE FIREARMS SEIZED DURING ANTI-GANG OPERATIONS

TWENTY-FOUR ARRESTED, THREE FIREARMS SEIZED DURING ANTI-GANG OPERATIONS

As part of the JCF’s ongoing anti-gang and murder reduction strategies, 24 persons were arrested and three firearms seized during police/military operations in several communities within St. Catherine on Tuesday, June 25. The operations, which are aimed at suppressing and dismantling criminal organizations (gangs) and apprehending its members, began approximately 3:00 a.m. and impacted several […]

PBCJ-News-June-25-2019

Jamaica News – June 25, 2019

Blue Mountain Coffee Farms

Acres of Blue Mountain Coffee Farms Go Up in Smoke as Mavis Bank Grapples with Blaze

Jamaica News, St Andrew: A huge fire is now spreading across sections of the Mavis Bank coffee belt in the Blue Mountain range in St. Andrew. According to Managing Director and CEO of the St. Andrew-based Mavis Bank Coffee Factory, Senator Norman Grant, some farmers have reportedly lost several acres of coffee plants to the furnace which continues […]

Apostle Dr J Andrew Scott

Apostle Dr J Andrew Scott Now Professor

Pastor of the Greater Works International Fellowship, GWIF Apostle J Andrew Scott has been hailed in a Commencement Graduation and Awards Ceremony on the weekend having scored high grades in his recent studies leading to Professorship and gaining award recognition. His Excellency Professor Apostle J Andrew Scott, graduated from the Canadian Christian Theological Seminary (CCTS) […]

PEP-in-St.-Elizabeth-pic2-670x450

Primary Schools in St. Elizabeth Pleased with PEP Results

Jamaica News: Primary schools across the parish of St. Elizabeth are overjoyed at the positive results from the first sitting of the Primary Exit Profile (PEP) examination. The PEP has replaced the Grade Six Achievement Test (GSAT) as the national secondary school entrance test. Its objective is to enhance the academic and critical thinking capabilities […]

Andrew-Holness-Official-500x339

Forty Educators to Receive 2019 Prime Minister’s Medal of Appreciation

Jamaica News: Forty educators with over 1,250 years in combined contribution to Jamaica’s education system will receive the 2019 Prime Minister’s Medal of Appreciation (PMMA) for Service to Education at an awards ceremony on Wednesday, June 26. Governor-General, His Excellency, the Most Hon. Sir Patrick Allen, and Prime Minister, the Most Hon. Andrew Holness, head […]

Advertisements

Innswood High School Miss Congeniality 2019

Recording Artists Shynetyme

Recording Artiste Wayne Scotch

Advertisement

Advertisement

Advertisement

CICA-University-sidebar
Scroll to Top
%d bloggers like this: