Independent journal on economy and transport policy
12:07 GMT+2
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the group CMA CGM has assumed the management of Kingston Container Terminal
the concession contract has a duration 30-year-old
July 4, 2016
The Jamaican government has delivered the management of Kingston Container Terminal (KCT) to Kingston Freeport Terminal Ltd. (KFTL), society of the French shipowning group constituted CMA CGM last year in order to manage the Central American harbour terminal ( of 8 April 2015).
The contract of concession of the duration 30-year-old signed with Port Authority of Jamaica previews that KFTL carries out investments in order to upgrade the terminal: "in the within of the concession agreement - the Jamaican Prime Minister has remembered, Andrew Holness - the new concessionaires will finance work of expansion without the resource to deep governmental and some governmental guarantee. This expansion - it has added - is undertaken in order to facilitate the transit through the channel of Panama hat of the larger ships that now are constructed thanks to the evolution of the naval planning and the productive technologies".
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