TransJamaican to issue new highway 2000 bond - US$330 placement to part finance Willaimsfield leg

published: Friday | July 18, 2008 Dionne Rose, Business Reporter A stretch of highway 2000. - File TransJamaican Highway, the vehicle used by the French construction company, Bouygues Travaux, to develop Highway 2000, is planning a US$330- million bond to help finance the proposed 33-kilometre section of the toll road between Sandy Bay, Clarendon, where it now ends, and Williamsfield, Manchester. Some of the cash will also be used to write down expensive loans held by TransJamaican, according to Ivan Anderson, the chief executive offer of the National Road Operating and Constructing Company (NROCC), the govern-ment agency that promoted the highway and helped raise money for its earlier legs. The Jamaica Government will not back the instrument, which TransJamaican is expected to take to market during the first quarter of 2009,... [read full story]