GROUND TRANSPORT
Jamaica is poised to remain a top-rated tourist destination for the foreseeable future, ensuring an endless flow of tourists and healthy competition between ground transportation companies.
Corporate Transport Services is an integrated services company. It encompasses petroleum, distribution, and public transportation. We presently distribute to end users and gas stations, but we want to develop our own retail network. We intend to build a transportation network to ensure the average Jamaican is transported in first-world conditions at a reasonable price. We have several routes: Montego Bay to Kingston and Montego Bay to Port Antonio, which connects Ocho Rios, Port Maria, and Annotto Bay. Meanwhile, our gas petroleum network will compete with the big players via pricing because the current prices can be improved. The petroleum industry is lucrative, and once we are listed on the stock market, we will have access to the required capital. The idea is to build out our network, and in 2019, we will build out at least three or four more. Our plan is to build as many as 15 retail networks, as this will give us a bigger share of the market. Our market is dominated by multinationals, and the biggest local company is Petcom; however, once we build out, we expect to be the number-two local company in terms of market share. In 2019, we want to add at least four retail stations and six luxury buses. We also want to roll out at least another 50% of our service routes. In the next three years, we want to fully roll out our routes, and we hope in the coming 18 to 24 months to be listed publicly. We want the same access to funding as most of our competitors.
GROUND TRANSPORT
TABLE OF CONTENTS
Interview
Michael Lee-Chin, Founder and Chairman, Portland Holdings, Chairman, Economic Growth Council, Chairman, National Commercial Bank (NCB)
Portland Holdings manages public and private equity and strives to build strong businesses that support the well-being of the communities in which they operate.
read articleCommuniqué
A Legal Introduction to Jamaica’s SEZ Regime
A special economic zone (SEZ) is as a geographical demarcated area within a country's national borders that is governed by trade and business laws that are distinct from the laws of the rest of that country. The objective of an SEZ is usually to attract investment to a nation's shores, and thereby increase employment and economic growth.
read articleInterview
Daryl Vaz, Minister with responsibility for Land, the Environment, Climate Change, and Investment, Ministry of Economic Growth and Job Creation
The Ministry of Economic Growth and Job Creation is working hard to ensure Jamaica's growth doesn't come at the expense of its environment.
read articleFocus: Brain drain
Holding on to the Best
Given its close proximity to North America's economic powerhouses and its warm relationship with its former colonial power, Jamaica's best and brightest have long decamped for more developed shores. The government is now fighting to encourage them to stay at home.
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