Thursday, July 29, 2010

February
  • Submission of bids
March
  • Execution of Concession Agreement
  • Selection of winning bidder
March - June
  • Negotiation of Concession Agreement
  • Finalization of financing for Phase 1 (Bidders)
  • Cabinet approved award of contract to Bouygues Travaux Publics of France to build Highway 2000.
  • The Rt. Hon. P.J. Patterson officially announced Bouygues Travaux Publics as the successful bidder.
August
  • Memorandum of Understanding signed between the Government of Jamaica and the Government of Malaysia for technical assistance with the implementation of the toll road
November
  • Five agreements were signed between the Government of Jamaica (NROCC) and Bouygues:  They were the Concession, Equity Shareholders, Implementation, Government Procured Debt and Guarantee Agreements.
December
  • NROCC announced subscription of the first inflation-indexed 30 year bond which subsequently raised J$3.5B.
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