Home Businessuite News24 Jamaican Government To Save JA$2.4 Billion In Office Rental Costs From Development Of Government Circle Project
Jamaican Government To Save JA$2.4 Billion In Office Rental Costs From Development Of Government Circle Project

Jamaican Government To Save JA$2.4 Billion In Office Rental Costs From Development Of Government Circle Project

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Prime Minister, Andrew Holness, says the Administration stands to save as much as $2.4 billion in annual office rental costs from development of the proposed Government Circle project in and around National Heroes Park in Kingston.

Additionally, he envisages that the project will serve as a catalyst for other developments in the area, which will become the centre of government.

The project, being spearheaded by the Urban Development Corporation (UDC), will entail the construction of a new building for the Houses of Parliament on a section of the 52-acre park, new offices for 14 government ministries and improved housing on some 300 acres of land in several communities surrounding the property.

Heroes Park Jamaica
Heroes Park Jamaica

Speaking at a town hall meeting at the park last week, Mr. Holness noted that creating Government Circle “makes economic sense”, against the background of the billions spent on rentals.

He noted that the development would bring more order to the operations of government.

He noted that Government buildings are all over the place; files here and service operations there, and they have to be retrofitting… spending money improving other people’s properties. Then when they leave, they can’t leave with it… because it doesn’t make sense to take out the fixtures and fittings that was put in.

Against this background, the Prime Minister said it is more practical to purpose-build government buildings in a single central location, and do so in a manner that renders them monuments of Jamaica’s sovereignty.

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