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.