UDC seeks joint venture investors to increase parking spaces in downtown Kingston
THE Urban Development Corporation (UDC) is inviting local and international investors to enter into a long-term joint venture agreement with the corporation by submitting proposals to design, build, finance, operate and maintain a multi-storey parking garage in downtown Kingston.
The UDC projects that the purpose-built five-storey parking facility on Orange & Port Royal streets will accommodate 885 spaces, spanning 23,647 square metres. The building will feature special renewable technology and will also make use of a grey water recycling programme and boast an automated entry/exit system. Investors are expected to demonstrate proven experience in the real estate and/or infrastructure sector and can access the Request for Proposals (RFP) document at the offices of the UDC, at 12 Ocean Boulevard, downtown Kingston, upon payment of a non-refundable fee of US$1,500.00 by cash or manager’s cheque. Final date to purchase bidding document will be April 26.
The UDC said further information will be available in an electronic data room for the bidders.
“Failure to directly purchase the RFP Document from the procuring entity will result in ineligibility/ non-responsiveness of that bidder from participating in the procurement process. Prospective proponents may seek and receive clarification of any part of this RFP at any time on or before May 10.
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