Thursday 24 January, 2019

NWC seeks partners to develop New Kingston property for rental

Vernon Barrett, Vice President, Investments and Performance Monitoring at NWC. Photo via Jamaica Information Service)

Vernon Barrett, Vice President, Investments and Performance Monitoring at NWC. Photo via Jamaica Information Service)

The state-owned National Water Commission (NWC) is moving to cut costs and improve its potential revenue earning capabilities with the development of rental property in the heart of the New Kingston business district.

To this end, the NWC said it is seeking a qualified developer to finance, design, construct and operate a new complex at property it owns on Oxford Road in New Kingston under a proposed public-private partnership agreement.

The water utility, in a statement Wednesday, outlined that the redevelopment of the 9,290 square-metre property is part of its strategy to improve efficiencies in service delivery.

The NWc said it will reserve for itself approximately 2,800 square metres of space, while the remaining square footage is expected to be made available for rental by other public and private sector entities.

Vernon Barrett, Vice President, Investments and Performance Monitoring at NWC said the commission will also be utilising eco-friendly building concepts in the design and construction of the new office complex.

"This is one of the key measures to ensuring operational efficiency," he said.

Interested developers can download the expression of interest document from the NWC's website or contact its purchasing department at 876-926-5825-7 for additional information.

Prospective bidders are urged to submit their bids no later than Tuesday, February 5, 2019 at 11:00 am.

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