A sizeable portion of Jamaica will soon have owners from China as well.
According to a report by Loop Jamaica, China Harbour Engineering Company (CHEC), the developers of the now completed Mount Rosser North-South highway, will receive both cash and land as part of their payment for the project.
The concession agreement gives CHEC the right to build, own and operate the Mount Rosser roadway for 50 years plus get 1,200 acres of land along the highway.
During the four year project to create a 15 minute roadway connecting Kingston and Ocho Rios, the original developers, Bouygues Travaux Publics ran into technical difficulties and suspended the project.
CHEC then approached the government with a proposal which was accepted and allowed completion of same.
Source: Loop Jamaica