VINCI wins port extension contract, Jamaica.

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VINCI wins port extension contract, Jamaica.

A joint venture made up of VINCI Construction subsidiaries VINCI Construction Grands Projets and EMCC and the Belgian dredging company Jan de Nul has won the $147 million (about €130 million) contract to extend the port of Kingston, Jamaica. Leading worldwide shipping group CMA CGM, which has held the concession for the port of Kingston since 1 July 2016, selected the joint venture to carry out the project.

The contract covers, first and foremost, the refurbishment, reinforcement and upgrade to seismic standards of 1,200 metres of quays. The joint venture will also carry out dredging work in the access channel. The projects will be completed in 25 months. The operation will increase the alongside depth of the quays to enable them to handle container ships of larger capacity.

Coming a few days after the opening of the expanded Panama Canal, which accommodates the world’s largest container ships, the contract to extend and refurbish the port of Kingston is a strategic move for the region. The port of Kingston is ideally located near the Panama Canal at the crossroads between the North/South and East/West sea lanes and will thus become one of the three main container terminals in the Caribbean.

This contract marks further cooperation between VINCI and CMA CGM. In 2008, VINCI handed over the high-rise building designed by architect Zaha Hadid in Marseille that now houses the head office of CMA CGM.

CMA CGM will have the benefit of VINCI’s experience in Jamaica, where the VINCI Group has operated for nearly three decades and where VINCI Construction Grands Projets notably built several sewer and water treatment structures over the past 15 years.

About VINCI
VINCI is a global player in concessions and construction, employing more than 185,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities.

Source: www.vinci.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.