According to jamaicaobserver_biz, KINGSTON, Jamaica—Transport Minister Daryl Vaz says the recently announced toll rate adjustments is a result of a legally binding concession agreement entered into between the former People's National Party (PNP) administration and private concessionaires. Vaz in a statement on Thursday said he acknowledges the concerns expressed by motorists regarding the recently announced toll rate adjustments. "Once again this development concerning the toll rates is yet another example of the former PNP administration entering into a less than favourable deal which does not yield any tangible advantages for the Jamaican populace. What is unfortunate is that the agreement they entered into binds current and future Governments to the unhelpful terms contained in the agreement," he said. "This is not dissimilar to the situation Jamaicans have faced concerning the Jamaica Public Service (JPS) licence which was negotiated by the former PNP-administration and has burdened our people," Vaz added. Motorists travelling the full length of the Highway 2000 North-South Link could soon pay $5,220 for a round trip between Caymanas and Ocho Rios under proposed new toll rates published by the Government on Thursday. READ: North-South Highway round trip could rise to $5,220 The Ministry of Energy, Transport and Telecommunications is proposing a.
MarketDeveloping4 sources: LSM.lv (Latvijas Sabiedriskie Mediji), Liberty Times (Liberty Times Net), Jauns.lv, Jamaicaobserver?
Jamaica toll hikes stem from binding PNP-era concession deal, minister says
Transport Minister Daryl Vaz attributes recent toll rate adjustments to a legally binding agreement negotiated by the former administration, clarifying the contractual basis for the increases.
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