Finance Minister Dr Nigel Clarke has signalled the Government’s intention to list some of its shares in various infrastructure entities on the Jamaica Stock Exchange (JSE) within the next 12 months.

The announcement was made at the 19th regional JSE Investments and Capital Market Conference under the theme, The Drivers of Capital: From Concept to Growth, held at the Jamaica Pegasus Hotel in Kingston.

Speaking at the conference, the finance minister disclosed that all necessary approvals, including those from the Cabinet, have been secured.

The entities identified include South Jamaica Power, TransJamaican Highway, and the Jamaica Public Service Company (JPS). To facilitate the stock offering of these assets, a special infrastructure vehicle will be created, streamlining the listing process.

“This is something we started working on last year, and the requisite approvals have been obtained. It’s been approved by Cabinet, and we’re now just working on the execution. We plan, all being well, to have that listing over the next 12 months,” said Clarke.

The government currently owns 10 per cent of South Jamaica Power, 20 per cent of TransJamaican Highway, and 19 per cent of JPS. The assets will be consolidated into a wholly-owned government vehicle, which will then be listed, inviting institutional participation.

Additionally, Clarke mentioned that the Jamaica Mortgage Bank (JMB) is set to initiate its initial public offering (IPO) on the JSE within the same timeframe with further details to be announced.