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Queed - Global News Network > Economics > Boundbrook Ushers in a New Era for Portland’s Economic Landscape
Economics

Boundbrook Ushers in a New Era for Portland’s Economic Landscape

Queed Reporter
Last updated: April 14, 2025 12:06 am
Queed Reporter 2 months ago
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Portland is poised to redefine its economic future as plans for a cutting-edge urban development in Boundbrook take shape. With an estimated investment of $4.2 billion, this ambitious project is set to transform the town into a vibrant nexus of commerce, innovation, and public service.

A Strategic Pivot for Port Antonio

At the heart of this initiative is a vision to turn Boundbrook into a central hub for both governmental and private operations—a move that promises to reinvigorate Port Antonio’s longstanding reputation as the birthplace of Jamaica’s tourism industry. Lyttleton Shirley, Chairman of Factories Corporation of Jamaica (FCJ), emphasized the potential impact of the project. “We’re creating an environment where job creation, modern infrastructure, and a seamless blend of public and private sectors drive our community forward,” he remarked during the contract-signing event held at FCJ’s New Kingston headquarters.

Transformative Infrastructure and Economic Boost

The proposed urban centre will span 6.68 acres and feature 148,000 square feet of premium commercial space. Notably, 6,500 square feet will be dedicated to business process outsourcing operations, marking a strategic effort to attract high-tech service providers. While construction funds have reached $2.8 billion for the initial phase, the project’s scope extends far beyond its immediate footprint. Early indications of interest are overwhelmingly positive—with leasing commitments already surpassing available space by more than 127 percent.

Phased Development and Collaborative Expertise

Drawing inspiration from the successful Morant Bay Urban Centre project, the Boundbrook development is planned in two dynamic phases. The first phase lays the groundwork with modern commercial facilities and administrative buildings. The second phase, set to begin soon, will expand onto adjacent railway lands overlooking the sea, further enhancing the project’s regional appeal.

The development is the result of a collaborative effort between FCJ and key equity partners, including Barita Investments Limited and National Commercial Bank Capital Markets Limited. The construction will be executed by China Harbour Engineering Company, with the entire venture projected to be completed in approximately 24 months. Ramon Small-Ferguson, CEO of Barita Investments, hailed the project as “a milestone that not only benefits the parish but also serves as a model for future public-private collaborations across Jamaica.”

Beyond Boundbrook: A Regional Vision

The Boundbrook project is a cornerstone of a broader strategic plan to modernize Portland. Complementary initiatives, such as infrastructure enhancements and the upcoming Portland bypass, are already underway. Furthermore, the planned cruise ship terminal at Folly—set against the historic backdrop of the Folly Ruins—underscores a unified vision for leveraging Port Antonio’s maritime potential. Although the terminal’s development followed a period of rigorous geotechnical assessments, its implementation is expected to revitalize local tourism and commerce, especially as silt build-up has previously limited operations at the West Harbour.

A Model for Nationwide Progress

The groundbreaking ceremony for the Boundbrook Urban Centre, which took place on August 14, 2024, marks not just the start of construction but also the beginning of a transformative journey for the region. This initiative is one of several planned by FCJ; similar developments are also slated for Old Harbour and Naggo Head in St. Catherine, as well as in Negril, Westmoreland. Collectively, these projects are designed to enhance public services, stimulate private investment, and create a sustainable blueprint for nationwide urban renewal.

As Portland prepares to embrace this transformative change, the Boundbrook development stands as a beacon of progress—a testament to what can be achieved when innovation meets collaboration in the pursuit of a brighter economic future.

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