Thursday, February 28, 2019

Port Project Not A Substitute For Port Royal Master Plan


ALTHOUGH THE Port Authority of Jamaica (PAJ) is pumping US$40 million into Port Royal, the agency says the port project, which involves marine and landside works, is a discrete development and not meant to address the full transformation of the historic community.
That responsibility still rests with the Urban Development Corporation (UDC).
“The UDC has been tasked with the development of an overall master plan for Port Royal,” said the Port Authority. “We wish to highlight that the PAJ’s remit and primary focus is the development of port facilities and related services.”
The only comprehensive plan for Port Royal known to involve the UDC is 25 years old, and done through the Port Royal Development Company Limited (PRDC), a UDC affiliate. It was designed to position Port Royal as a tourism and heritage attraction, inclusive of hospitality developments.
Robert Stephens, who remains a shareholder in PRDC through Pragma Consultants, says the plan should be included in any discussions about transforming Kingston, especially since government agencies had backed the early research, including the Development Bank of Jamaica (DBJ), which invested US$5 million, he said.
The DBJ, when contacted, said the project remained within the purview of the UDC.
The last attempts at shopping the PRDC master plan, which called for investments of US$500 million in Port Royal, was in 2013, when the UDC resurrected the project with invitations for proposals from investors interested in developing a new port of call for cruise lines and tourism attraction.
The development agency promised responses on what’s next for Port Royal this week, but did not follow through up to press time.









Crowe Jamaica (www.crowe.com/jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica. Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe Jamaica serves clients worldwide as an independent member of Crowe Global, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world. Crowe Jamaica Corporate Office: Dawgen Tower 47-49 Trinidad Terrace Kingston 5 Tel: (876) 9292518 | (876) 9265210 info@crowehorwath.com.jm

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