Kingston Wharves Limited (KWL) has invested some $1 billion in terminal and logistics infrastructure development projects in an expanded vision to become the preferred port-centric logistics partner connecting the world to Caribbean markets, according to Chief Executive Officer (CEO) Mark Williams.

“Even amidst this pandemic, Kingston Wharves is about to spend in excess of $1 billion to ensure that this terminal is COVID-19-ready and indeed ready for the next 75 years,” Williams said while speaking at the company’s annual general meeting held yesterday. While only a limited number of shareholders could physically be at the meeting, the media was invited to join via live-stream on Youtube.

http://www.jamaicaobserver.com/business-report/kingston-wharves-spends-1-billion-for-development-projects-during-covid-19-records-562-million-net-profit-for-q1_196619