The World Bank and the Government of Jamaica have entered into a $12 million investment agreement aimed at revitalizing the Kingston waterfront. This initiative is expected to boost economic opportunities, improve quality of life, and attract private investments in Jamaica's capital.
Kingston, the country's most populous city and economic center, faces challenges related to livability, climate resilience, and competitiveness. The underutilized downtown area has contributed to issues such as crime and inequality. The redevelopment project seeks to address these concerns by transforming the waterfront into a multiuse park.
Nigel Clarke, Jamaica’s Minister of Finance and the Public Service, expressed optimism about the project's potential impact: “This government is creating public spaces to serve the Jamaican people. This will revitalize downtown Kingston.” He emphasized that improving public spaces aligns with efforts to enhance citizens' quality of life alongside economic stability.
Phase one of the Kingston Waterfront Improvement Project will focus on designing a park featuring recreational facilities like bike paths, playgrounds, sports grounds, street furniture, landscaping, and energy-efficient structures. The design also includes adaptable market spaces for art and entertainment to provide income-generating opportunities for local entrepreneurs.
World Bank Director for the Caribbean Lilia Burunciuc highlighted the broader goals: “Urban renewal in downtown Kingston can be transformational – it is not just about rebuilding infrastructure; it's about creating thriving neighborhoods that inspire economic prosperity.”
The project will also offer skills training programs for local entrepreneurs in various business disciplines while emphasizing support for at-risk youth through equipment upgrades focusing on energy efficiency.
Scheduled from 2024 to 2029, phase one will be followed by phase two from 2025 to 2030 with an estimated budget of $28 million. Combined, both phases aim to benefit over 700,000 Jamaicans through construction efforts and urban upgrades.