China [color:5bc8=blue !important][color:5bc8=blue !important]Harbour Engineering Company has shelved plans to develop a new trans-shipment port at Fort Augusta and is now eyeing the establishment of a massive industrial park in Jamaica.Prime Minister Portia Simpson Miller said yesterday that the [color:5bc8=blue !important][color:5bc8=blue !important]company had radically expanded the scope of its projected investment interest in [color:5bc8=blue !important][color:5bc8=blue !important]the [color:5bc8=blue !important]island.
Preliminary estimates of what is being described as a mega-investment are between US$1.2 billion and US$1.5 billion. It will consist of trans-shipment facilities, a logistic centre, industrial plants, a cement plant and perhaps a power plant.
Simpson Miller said the project would be implemented over a five-year period and during the construction phase, some 2,000 persons would be employed.
After its completion, the industrial park is expected to employ approximately 10,000 workers.
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