TJH executes US$20.3 million concession agreement for May Pen to Williamsfield toll road
/ Our Today
administrator
Durrant Pate/Contributor
TransJamaican Highway (TJH) has executed the US$20.3 million Concession Agreement with the state-owned National Road Operating and Constructing Company ( NROCC) to operate the Phase 1C (May Pen to Williamsfield) section of Highway 2000 toll network.
The deal was executed on October 23rd 2025 through TJH through its wholly owned subsidiary, TransJam Highway Operators Limited (THO). The effective date of the Agreement is December 1st 2025 and expires on June 1st 2038. TJH won the bid for the concession of Phase 1C of the 2024 completed extension of Highway 2000 between May Pen, Clarendon and Williamsfield, Manchester in July 2024.
Cabinet gave approval last year to NROCC, which represents the Government of Jamaica’s interest in the development, financing, operation, and maintenance of toll highways, to accept TJH’s US$20.3 million offer plus potential upside formula amounts to acquire the concession. The concession covers the operation and maintenance of Phase 1C of the Highway 2000 toll roads until November 20, 2036.
NROCC represents the Government of Jamaica’s interest in the development, financing, operation, and maintenance of toll highways and is the largest shareholder in TJH, with a 20% stake in the company, which is listed on the Jamaica Stock Exchange (JSE).
Acceptance subject to conditions
The government’s acceptance is subject to contract and additional conditions, which have been negotiated on its behalf by NRCC with TJH. The government’s acceptance of the TJH bid was in keeping the toll operator’s right of first refusal contained in the second amended and restated concession agreement dated January 29, 2020, with NROCC.
TJH has exercised its right of first refusal to own, operate, and maintain Phase 1C of the highway, which it believes will bring in an estimated US$7 million in revenue and extend its reach by 28km. TJH currently operates 49.9 kilometres of toll roads under its concession agreement which covers T1, being the Kingston to May Pen with a connection to Spanish Town) portion, while T2 covers the Kingston to Portmore leg. Phase 1C was developed at an estimated cost of US$188.5 million.
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