THE National Broadband Initiative which is expected to cost US$237 million for its execution as Government seeks to create universal Internet access is to be owned and managed by the private sector through a publicly listed special purpose vehicle (SPV), chair of the task force Michael Lee-Chin has divulged.

This way, he said, Jamaicans will be able to own a part of the infrastructure expected to fast-track economic recovery efforts, as Government moves to bounce back from the devastation caused by the novel coronavirus pandemic.

 

Lee-Chin, billionaire businessman and chairman of Portland Holdings, was giving a breakdown of the plans to roll out the National Broadband Initiative at yesterday’s Ministry of Science, Energy and Technology press briefing at the ministry’s offices in St Andrew.

http://www.jamaicaobserver.com/news/j-cans-will-get-chance-to-buy-shares-in-national-broadband-service_210113