July 17, 2024
TransJamaican Highway Limited (TJH) has advised that, in keeping with the Right of First Refusal granted to TJH contained in the Second Amended and Restated Concession Agreement dated January 29, 2020 with the National Road Operating and Constructing Company Limited (NROCC), the Cabinet of the Government of Jamaica (GOJ) has now given approval to NROCC to accept TJH’s financial offer of Twenty Million, Three Hundred Thousand United States Dollars (US$20,300,000), plus potential Upside Formula amounts, to acquire the concession to Operate and Maintain Phase 1C of the Highway 2000 toll roads until November 20th, 2036. The government’s acceptance is subject to contract and additional conditions.
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