Cabinet Approves Compulsory Acquisition of Lands

first_imgCabinet has approved the compulsory acquisition of 40 properties in Hannah Town, Kingston at a cost of just over $20 million, as well as land in Leith Hall, St. Thomas, in an effort to regularise settlement for longstanding residents.Minister with responsibility for Information, Senator the Hon. Sandrea Falconer, said the acquisition of the Hannah Town properties will allow the Ministry of Transport, Works and Housing, to provide splinter titles for 253 units in that section of the Denham Town/Hannah Town Redevelopment project.The Minister was addressing the weekly Jamaica House press briefing on Wednesday, May 22, at the Office of the Prime Minister.She informed that the Ministry had previously purchased 54 of the 94 properties forming the Hannah Town section of the redevelopment project. A total of 253 units comprising 65 townhouses, 168 apartments and 20 studios have been constructed on the 94 parcels.Meanwhile, the Housing Ministry is acquiring Lot 289 at Leith Hall (East Prospect), under Section 1 of the Land Acquisition Act of 1947, to provide security of tenure for the occupants.“The property is occupied by over 2,000 residents most of whom have been in occupation of the land for more than 12 years and have constructed concrete houses on the land. The community features social amenities such as churches and is within close proximity to a school,” Minister Falconer informed.She also noted that there are vacant lots that are available for commercial and dwelling purposes.Acquisition of the land will be funded by the Leith Hall Provident Society, which comprises persons, who reside in the community.Contact: Andrea Brahamlast_img read more


MPC Container Ships Raises USD 75 Mn for More Vessels

first_imgzoom Norwegian shipowner MPC Container Ships ASA has completed its private placement, raising gross proceeds of around USD 75 million.The net proceeds would be used to pursue future investments in container vessels and general corporate purposes.  MPC Container Ships said that it is in the final stages of acquiring a number of feeder container ships.MPC Container Ships completed the private placement of 11.75 million new shares at a fixed subscription price of NOK 50 per share. DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS have acted as joint managers and bookrunners.Following registration of the share capital increase pertaining the private placement with the Norwegian Register of Business Enterprises, the company will have a share capital of NOK 770,030,000 divided into 77,003,000 shares, each with a nominal value of NOK 10.The new shares to be issued under the private placement will initially be issued under a separate ISIN number and will be listed on Merkur Market as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about February 15, 2018.Upon approval of a listing prospectus by the Financial Supervisory Authority of Norway, the new shares will be admitted to trading on Oslo Axess and will convert to the regular ISIN number of the company’s existing shares.last_img read more


InFocus Kids with disabilities onreserve still getting less

first_imgAPTN InFocus with Cheryl McKenzie:If a motion passes unanimously in the House of Commons, does anybody hear it?That’s the question advocates of equal access to health care are asking.Jordan’s Principle was adopted in 2007.It was a motion vowing that children with disabilities who live on reserve, would be treated the same as all children who live off reserve.But eight years later a McGill University study reports that those on-reserve kids still have poorer access to health care services.last_img


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