News / CMA CGM consortium wins 30-year BOT deal for Kingston Container Terminal

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After years of negotiation, the future of one of the Caribbean’s most important transhipment ports, the Jamaican hub of Kingston, appears finally settled. Ownership of its container terminal is to be handed over to a CMA CGM-controlled consortium.

The effective privatisation of Kingston container terminal in a deal worth $509m was confirmed by the Port Authority of Jamaica (PAJ) this week, which transferred ownership to CMA CGM on a 30-year build-operate-transfer (BOT) model.

This will see the terminal expanded in two phases, ...