Development of Kingston Waterfront to Incentivise Potential Developers

Finance Minister Dr. Nigel Clarke says the expected development of the Kingston waterfront will act as an incentive for potential developers.

He was speaking Friday morning at a ceremony with the World Bank to finalise the Kingston Waterfront Improvement Loan Agreement.

The World Bank’s country director for Latin America and the Caribbean region, Lilia Burunciuc says the waterfront, which is currently under-utilised, has transformational potential.

Lilia Burunciuc, World Bank’s country director for Latin America and the Caribbean region.

The US $12 million loan programme is expected to create a multi-purpose water front with recreational areas and event spaces for art and entertainment.

It will also support small businesses through equipment upgrades with an emphasis on the youth.