Jamaica

Jamaica — PM Says Persons Must Be Given Opportunity To Use Unutilized Assets

Prime Minister, the Most Hon. Andrew Holness, says persons must be given the opportunity to use unutilized assets of Government agencies, in order to maximize their potential.

“There are many agencies in Jamaica, they hold lands, buildings and other assets, and sometimes they are just there languishing on balance sheets, not being utilized, and not realizing the value that they have,” Mr. Holness said, at the opening of the Harmony Beach Park in Montego Bay, St. James, on May 21.

“What is worse is that sometimes they become obstacles to development, because the agencies sit down on them, don’t use them and there are innovative entrepreneurial businesspeople in the society who see the opportunity and would like to utilize them, but cannot get them, because of whatever bureaucratic consideration, these assets are held onto,” the Prime Minister added.

Mr. Holness said he is not saying that every public asset must be disposed of, but the general principle is unassailable.

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Readers Bureau

Edited by Jesus Chan

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