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Major
Projects on the north coast include
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Privatization
and US$200m redevelopment and
expansion of Sangster International
Airport in Montego Bay, making
the airport the most modern airport
facility in the Caribbean. The
new airport will accommodate 9
million visitors per year. With
more than 49 airlines servicing
MBJ Airport, more than 300 international
passenger flights depart Montego
Bay weekly, airlift is plentiful
and competitive in price
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As
of December 2006, private jet
owners will be able to take advantage
of a brand new Private Jet mini-terminal
with dedicated customs and immigration
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New
‘Northcoast Highway’,
linking the three major resort
towns of Negril, Montego Bay and
Ocho Rios in addition to island-wide
road and highway improvements.
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New
US$250m Trelawny Multi-purpose
Stadium (25.000 seat) under construction
on the north coast for Cricket
World Cup 2007
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Transformation
of telecom sector and new nation-wide
GSM digital cellular network
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New
submarine fibre-optic network
linking Jamaica to North America
and the rest of the world, enabling
high speed internet and digital
services
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Expansion
programs under way for energy,
water and sewerage systems
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Abundant
natural water supply
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Revival
of local real estate industry
with the introduction of the Palmyra
Resort & Spa. Real estate
prices up to 40% lower than other
Caribbean island
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Transformation
of banking industry. Banking services
such as financing and mortgage
brokering are finally available
to foreign investors wishing to
purchase property
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New
Conference center in Montego Bay
near Rose Hall Great House
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Massive expansion
in the tourism sector with an
estimated 12.000 hotel rooms under
construction along the northern
‘GOLD COAST’, increasing
the total hotel room capacity
to approximately 30.000 rooms
by 2009, up from today’s
17.000.
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An
estimated 10.000 permanent jobs
created through seven new hotel
projects and the island’s
new luxury home community, The
Palmyra Resort & Spa
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Improved
promotion of the island and it’
tourism trade through the Jamaica
Promotions Corporation and the
2007 World Cricket Cup
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