Montego Bay mayor seeks private partners to optimise SJMC assets

ST JAMES, Jamaica — As part of efforts to optimise assets owned by the St James Municipal Corporation (SJMC), Mayor of Montego Bay Councillor Richard Vernon said the corporation is exploring public-private partnerships (PPPs).

Speaking during the corporation’s public budget forum last Thursday, Vernon said the SJMC is seeking to raise $450 million through this avenue to support its capital expenditure programme.

“I am issuing a direct open invitation this evening to our private developers, our financial institutions and our local entrepreneurs. Come to the table; let us discuss business,” Vernon declared.