PIOJ optimistic about economic growth in Jamaica
KINGSTON, Jamaica, CMC – The Planning Institute of Jamaica (PIOJ) is predicting that the island’s economy could experience as much as one per cent economic growth this fiscal year based on the implementation of several key multi-billion dollar projects.
PIOJ Director General, Colin Bullock, said these developments include the J$2.5 billion (One Jamaica dollar = US$0.01 cents) Major Infrastructure Development Project; J$1.5 billion Sugar Transformation Programme; J$1.3 billion Sandy Gully/Kingston Metropolitan Area (KMA) Drainage Project; J$300 million Climate Change Adaptation and Disaster Risk Reduction initiatives; Highway 2000 North/South Link (Mount Rosser Bypass); and several energy projects, including the proposed 360-megawatt combined cycle plant, and a 115 megawatt facility to generate electricity from renewable sources.
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