The Development Bank of Jamaica Limited (DBJ) is a statutory body established in April 2000, formed through the merger of the former National Development Bank of Jamaica Limited and the Agricultural Credit Bank of Jamaica Limited. In July 2006, the DBJ assumed the operations and certain assets and liabilities of the National Investment Bank of Jamaica Limited, expanding its mandate to encompass investment banking, and the administration and management of retirement schemes and superannuation funds.
The DBJ’s mandate is to facilitate and promote economic growth and development in Jamaica. The Bank provides wholesale financing to approved financial institutions and micro-finance institutions, channelling resources to large-scale projects as well as micro, small, and medium enterprises (MSMEs). It also delivers technical support solutions to businesses and provides privatisation and public-private partnership services on behalf of the Government of Jamaica.
For the 2026/27 financial year, the DBJ will advance its transformation into an impact-driven development finance institution anchored on economic development, social advancement, and environmental sustainability. Key initiatives include implementing the M5 Business Recovery intervention to support enterprises across agriculture, manufacturing and agro-processing, tourism, and health in the aftermath of Hurricane Melissa and other initatives.
These initiatives are expected to generate total investments of approximately $33,611.05 million and loan disbursements of $7,131.86 million. The DBJ forecasts a net surplus of $597.02 million for 2026/27.
The Factories Corporation of Jamaica Limited (FCJ) was incorporated under the Companies Act
of Jamaica in 1987 and is wholly owned by the Government of Jamaica. Its mission is to be a
financially strong and dominant provider of industrial and commercial office space that is
customer focused and efficiently managed by an empowered cadre of staff. FCJ currently
owns/controls 2,030,207 square feet of factory space, and approximately 408 acres of land.
FCJ will collaborate with key stakeholders to address evolving needs and develop modern
infrastructure solutions that support sustainable economic growth and job creation. To this end, the FCJ plans to undertake capital investments totaling $1,619.79 million.
The 448,000 square feet facility at the Morant Bay Urban Development Centre, developed under
a joint venture agreement, is nearing completion and is expected to generate increased revenues
for FCJ through property management services during 2025/26.
The FCJ projects a surplus of $648.92 million
The Ports Management and Security Limited (PMSL) was incorporated in April 2004 as a joint venture between the Port Authority of Jamaica (51%), Kingston Wharves Limited (25%) and the Shipping Association of Jamaica (24%). The Company was established to undertake the Port Authority of Jamaica’s (PAJ) mandate for ensuring that the security systems and procedures at Jamaican seaports are upgraded to meet the requirements of the International Maritime Organization’s International Ship and Port Facility Security Code (ISPS).
PMSL has direct responsibility for the implementation of ISPS security requirements at Jamaica’s public ports and bonded warehouses. The provision of security services is aided by the use of non-intrusive cargo inspection equipment, closed circuit television, access control system, and underwater surveillance cameras, which are leased from the PAJ.
In the 2025/26 financial year, PMSL will prioritize initiatives to improve cargo security and protect critical entry points. The strategy will focus on bolstering institutional capabilities, deploying systems to curb contraband trafficking, and advancing human capital development in key strategic areas.
PMSL projects a net deficit of $282.86 million
The National Road Operating and Constructing Company Limited (NROCC) was incorporated on February 2, 1995, as a private limited liability company and commenced operations in February 2002. In October 2011 NROCC’s Articles of Incorporation was amended to allow for the conversion from a Private to a Public Company.
NROCC’s core functions include overseeing the design, construction and maintenance of the highways and related facilities. Additionally, NROCC seeks to ensure environmental preservation, safety on the highway and strong linkages to encourage development activities.
NROCC remains committed to providing Jamaica with a sustainable and efficient toll road network. NROCC is well advanced in its stewardship of the highly anticipated Montego Bay Perimeter Road Project (MBPRP) under its Design-Build contract with the China Harbour Engineering Company Limited. The project was at approximately 55% completion at December 31, 2024 with an expected date of completion slated for May 2026.
NROCC projects a net loss of $576.02 million
The Port Authority of Jamaica (PAJ) was established under the Port Authority Act of 1972. Its mission is to develop and regulate world class facilities and services that ensure sustainable growth of Jamaica’s maritime industry and maximum satisfaction to all stakeholders. PAJ is also the designated authority to ensure that the seaports are secured in a manner which is always consistent with internationally acceptable security standards.
PAJ’s capital budget of $7,519.69 million will fund several key projects in 2025/26. These include completing the restoration of Ocho Rios Berth 2 (damaged in February 2024) to ensure safe ship docking and passenger disembarkation, and finishing the Montego Bay Berth 2 pavement rehabilitation to enhance operational efficiency and support cruise-cargo coexistence.
PAJ will also advance infrastructure planning for the Caymanas Special Economic Zone (CSEZ), a logistics, manufacturing, and commercial hub in St Catherine, and develop a master plan and feasibility assessment for a 12-acre commercial development in Montego Bay.
PAJ projects a surplus of $2,861.45 million
The Housing Agency of Jamaica Limited (HAJ) was incorporated on a change of name from the National Housing Development Corporation Limited (NHDC) in September 2008. The Housing Agency of Jamaica Ltd is a land and housing development company that provides shelter solutions for Jamaicans islandwide. Wholly owned by the Government of Jamaica, its core services include providing shelter solutions on the open market and upgrading and regularising informal settlements.
The HAJ’s strategic vision for 2025/26 into the medium-term is to significantly increase housing production, improve the affordability of housing units, upgrade infrastructure in marginalised communities and increase the issuance of certificates of title.
In line with its mandate to provide affordable housing solutions to the low and middle-income earners, HAJ plans to commence construction of 795 housing units and deliver 563 units to the market during the 2025/26 financial year.
To improve access to home ownership for lower income groups, existing informal settlers and the regularisation of informal communities, the HAJ aims to hand over 208 land titles during the 2025/26 financial year.
HAJ projects a net profit of $725.51 million. To achieve its target, the HAJ staff and Board must uphold strong corporate governance. Let’s take a look at their progress!
The National Water Commission (NWC), established in 1980 through the merger of the Kingston and St. Andrew Water Commission and the National Water Authority, is a statutory organization dedicated to supporting national development. The NWC provides high-quality potable water and sewerage services to residential and commercial customers in a cost-effective and sustainable manner. It currently serves over 74% of the population with piped water and 19% with sewerage services, through a network of over 1,000 water supply facilities (including wells, treatment plants, and pumping stations) and more than 11,000 kilometers of water mains. In addition, the NWC operates 68 wastewater treatment plants, over 100 wastewater pump stations, and more than 500 kilometers of collector and trunk sewers.
For the 2026/27 financial year, the NWC will continue to advance its strategic initiatives and capital projects directed at enhancing operational efficiency, broadening coverage areas, and strengthening service reliability. In support of these objectives, the NWC has earmarked capital investment totalling $3.57B (2025/26: $2.51B). Key areas of focus include the upgrading of water supply and sewerage infrastructure under the K-Factor Programme ($1.86B), as well as the continued implementation of the Greater Mandeville water supply project ($0.52B
Despite these efforts, the NWC anticipates a deficit of 104.13 million for the 2026/27 financial year.
The Urban Development Corporation (UDC) was established by the Urban Development Act of 1968 and it plays a critical role in advancing Jamaica’s sustainable and holistic urban development. The main activity of the Corporation is to undertake urban and rural renewal, while safeguarding natural resources and promoting economic advancement in specific areas designated by the Government of Jamaica (GOJ).
During the 2025/26 financial year, the Urban Development Corporation (UDC) will continue to play a pivotal role in transforming Jamaica’s urban centres and rural towns. In alignment with its mandate for urban development, the UDC will advance several major projects, including the Hellshire Sewage Treatment Plant Expansion, Portmore Resilience Park, Kingston Harbour Walk, and the Montego Bay Southern Groyne. These initiatives aim to enhance infrastructure, promote environmental resilience, and improve public spaces.
The UDC forecasts a net surplus of $1,248.06 million for the budget year. To achieve its target, the UDC staff and Board must uphold strong corporate governance. Let’s take a look at their progress!
The National Housing Trust (NHT) was established in Jamaica in 1976 and became a body corporate in 1979 under the National Housing Trust Act. It is an institution created to respond to the housing needs of Jamaicans by lending money at low interest rates to Contributors who wish to build, buy or improve their houses or who wish to buy or build on lots. The NHT also develops housing schemes for sale to Contributors and provides low cost financing to private developers.
For the 2026/27 financial year, the NHT will continue its efforts to facilitate increased access to housing solutions for its contributors. The Trust plans to commence construction on 10,675 (2025/26: 8,425) new housing solutions and deliver a total of 5,673 (2025/26: 3,111) units during the year. This is expected to increase the NHT’s total housing expenditure by $6.3 billion to $50.26 billion , accounting for 92% of the Trust’s total capital expenditure for the year.
To achieve these targets the staff and the Board of the NHT must ensure there is robust corporate governance. Let’s see how they are doing!!
