KINGSTON, Jamaica, CMC – Governor General Sir Patrick Allen says the divestment of Public Sector assets and a major infrastructural project will be some of the areas of focus by the Portia Simpson Miller administration in this legislative year. “Through a managed privatisation process, the Government intends to make a renewed effort to dispose of some Public Sector assets to the Private Sector or the community, where it is determined that these assets would be more productively employed by them on a sustainable basis. In doing so, the Government will seek to balance, the well-understood need for getting the best price possible for certain assets and the urgency to put these assets into productive use to create jobs, goods or services” said Sir Patrick in his Throne Speech delivered in Parliament on Thursday. He said several Government assets have remained idle for years because the Government has tried to secure some incremental increase in price, at or above, the perceived worth of these assets.
