Government moves to revive train service
Negotiations are underway for phase-one rehabilitation of the railway service from Montego Bay, St. James, to Appleton Estate in St. Elizabeth.
The project, which is expected to commence this fiscal year, will be pursued under a joint-venture arrangement between the Jamaica Railway Corporation (JRC) and private investors.
It is part of the Government’s objective of establishing an integrated, modern, reliable, safe and economic rail transport system for the movement of passengers and goods.
The JRC is projecting net profit of $17.8 million from its 2019/20 engagements, as against $13.1 million generated over the previous financial period. Additionally, the entity plans to increase its staff complement by nine to 65 persons.