Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»UK Government pumps $J3.5 billion into major agricultural development in Jamaica’s southern plains
    Commodities

    UK Government pumps $J3.5 billion into major agricultural development in Jamaica’s southern plains

    April 26, 20253 Mins Read


    Prime Minister Andrew Holness alongside Agriculture Minister Floyd Green, British High Commissioner to Jamaica, Judith Slater, and other stakeholders at the turning on of the pumps at the Parnassus Agro Park in Clarendon on April 23.

    The United Kingdom (UK) Government has pumped £17.3 million (J$3.5 billion) into the Southern Plains Agricultural Development Project, which includes the Parnassus Irrigation System and Agro-Park in Clarendon.

    The commissioning of the system and official project launch was marked on April 23 by the Government of Jamaica.

    According to the British High Commission in Jamaica, “the transformational project” is being funded through the UK Caribbean Infrastructure Fund (UKCIF).

    Launched in 2016, UKCIF is a £350 million programme (J$72.3 billion) that’s funded by the UK Government and implemented in partnership with the Caribbean Development Bank (CDB). UKCIF supports high-quality, climate-resilient infrastructure that drives economic growth and has lasting social impact.

    The high commission said the project will play a major role in Jamaica’s agricultural transformation. “The initiative aims to improve irrigation, infrastructure, and climate resilience for farming communities in Clarendon and St Catherine,” it said.

    The high commission said the UK’s investment is unlocking significant improvements, including:

    -Nearly 400 hectares of irrigated farmland

    -9.6 million gallons of water supplied daily

    -12 kilometres of newly-built roads

    -Upgraded storage and handling facilities for crops

    Representing the UK Government at Wednesday’s commissioning, British High Commissioner to Jamaica, Judith Slater, noted that Jamaica is the joint largest beneficiary of UKCIF with an overall allocation of £53.2 million (J$11 billion).

    She noted that the project was one of two major agricultural initiatives being supported by the UKCIF in Jamaica, alongside the Essex Valley Agricultural Development Project. Both were selected by the GoJ to enhance food security and reduce the vulnerability of farmers to climate change by ensuring reliable water access year-round.

    Slater reaffirmed the UK’s commitment to supporting inclusive and climate-resilient economic growth across the region.

    “We are opening the way to harvest opportunity, turning challenges into growth. This project is not only about infrastructure; it’s about ensuring that support reaches those who need it most, including women, youth, and people with disabilities, to build more resilient and productive livelihoods,” said Slater.

    Prime Minister Andrew Holness, who gave the keynote address, outlined the significance of the partnership while stating that he was “very happy to turn over the project to our farmers”.

    “Jamaica has about 40 per cent of its land mass arable, meaning you can farm it. Of that, only about 15 per cent would be irrigated. With this (Parnassus) and Essex Valley-the Southern Plains Agricultural Development Project, we will probably get close to 20 per cent of our arable lands irrigated…,” he added.

    Meanwhile, Minister of Agriculture, Mining and Fisheries, Floyd Green said, “This is extremely important to us in agriculture because we know that for decades farmers have faced tremendous challenges with water and access to water and tremendous challenges around tenureship of land…the UK set up a fund for infrastructure across the Caribbean and asked countries to submit proposal around what they believe are the best use for those resources…and I think we can all be proud that this Government prioritised agriculture and irrigation as the best use of those funds.”





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Harmony Energy recommande le rachat par Foresight Group

    Commodities

    EPPO opens probe into Greek agricultural subsidy fraud – Obstruction accusations follow – The Press Project

    Commodities

    EU-UK trade agreement: What it means for agricultural products

    Commodities

    Lula: Brazil’s debt with Africa can be paid with agricultural tech

    Commodities

    Crude oil futures jump on reports Israel planning attack on Iran

    Commodities

    Cranswick’s ‘megafarm’ is part of the UK’s agricultural future

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Otsego County Fair continues to build on agricultural legacy

    Fintech

    Comment la fintech Defacto va financer les 1,8M pour les PME de la défense ? – Financement de la trésorerie > Trésorerie

    Precious Metal

    New Found Gold nomme Keith Boyle au poste de directeur général -Le 20 janvier 2025 à 14:07

    Editors Picks

    ICO: fintech Pati request ‘cycled through’ too many reviews – The Royal Gazette

    August 17, 2024

    La Libre Antenne de Max du 5 mai

    May 5, 2025

    Bahlil Claims Freeport’s Gresik Smelter Can Produce 60 Tons of Gold Bars Annually

    March 17, 2025

    Bitcoin to Boost US Dollar Strength: Senator Lummis

    July 13, 2024
    What's Hot

    le Irish Gold Rush – Masculin.com

    March 4, 2025

    Why Stock Market Is Rising Today? Key Factors Behind Sensex Soaring Over 900 Points

    March 20, 2025

    INTERVIEW: Hungarian refiner MOL eyes non-Russian crude contingencies

    October 11, 2024
    Our Picks

    New Cryptocurrency Releases, Listings, & Presales Today – Freelance Ai, Renta Network, Leoono

    January 17, 2025

    “On est dans un rendu réel” : Vagalär expose ses assemblages de bois flotté et de métal à Lectoure

    March 25, 2025

    Savannah renforce son portefeuille d’actifs au Nigeria avec l’acquisition de SIPEC

    March 11, 2025
    Weekly Top

    La fintech Airwallex valorisée à plus de 6 milliards de dollars lors de son dernier tour de table

    May 21, 2025

    The pros and cons of buying Dubai real estate with cryptocurrency

    May 21, 2025

    EPPO opens probe into Greek agricultural subsidy fraud – Obstruction accusations follow – The Press Project

    May 21, 2025
    Editor's Pick

    Actualité Économie RDC | Maniema : DRC Gold Trading SA s’installe pour contrer la fuite de l’or artisanal

    March 22, 2025

    Stock Market Outlook: Lower Inflation Drives Goldilocks Growth Economy

    July 15, 2024

    The Winnebago County Agricultural Society

    May 20, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.