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Jamaican government to guarantee 21m-US-dollar port loan.
(From BBC Monitoring International Reports)
on 24 July (local time)
Kingston, Jamaica: Parliament has given approval for government to guarantee a 20.9m-US-dollar loan for the Port Authority of Jamaica to purchase four ship-to-shore gantry cranes for the Kingston Container Terminal.
The financing agency is the Export Import (Ex-Im) Bank of China and the cranes will be supplied by Shanghai Zhenhua Port Machinery Company Limited.
Finance and Planning Minister Dr Omar Davies, who brought the resolution to the House seeking approval for the government to act as guarantor, explained that the proposed loan agreement, to be signed between the …
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