Jamaica Producers Group Limited (JP) and Eppley Limited joined forces to create a capital infrastructure group to invest in different projects across the Caribbean. These projects will be mainly based on infrastructure.
Thus far these two companies will be the main financiers and equal partners along with NCB Capital Markets Limited helping to finance parts of the initiative.
JP and Eppley already have important infrastructure projects under their belt in different fields such as ports, energy, and water. This joint venture will allow them to leverage the assets of each other to create opportunities that make sense financially for both partners.
Prior to this public joint venture announcement, JP and Eppley already had projects in the works, they recently formed Rio Cobre Water Limited (RCW), which is a partnership with Vinci Construction Grands Projects, a member of the Vinci Group which is one of the largest construction groups in the world.
RCW also enters a partnership with the National Water Commission to design, build, finance, and operate a 15 million gallons per day water treatment plant under a 25-year program.
Jeffrey Hall, Chief Executive Officer of JP is very optimistic about this partnership and notices that it is a win-win for both sides given the track record of both companies. “JP and Eppley each have strong track records of successfully deploying capital on behalf of their investors. We look forward to exploring new infrastructure investment opportunities together.”
