NROCC set to continue losing money

Losses are set to escalate at the National Road Operating and Constructing Company (NROCC) the entity responsible for implementing the Highway 2000 project.

A public bodies report tabled by the Minister of Finance projects that NROCC will experience a loss of $6.5 billion during the 2019/2020 fiscal year. That would be up from the $6.18 billion loss projected for the current financial year which ends on March 31.

NROCC, which has over the years incurred billion dollar losses, is responsible for constructing and maintaining highways in Jamaica.

The report says this year the entity will continue to focus on the construction of Phase 1 C of  the May Pen-to-Williamsfield segment of  Highway 2000.

It will complete the design, provide access to lands for construction and conduct preliminary identification and relocation of utility structures.

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