TJH

completed

_x000C_The Project consists of a 35-year BOT concession in Jamaica for the design, finance, construction, operation and maintenance of a tolled motorway connecting the capital Kingston in the south east of Jamaica with Mandeville in the heart of the country (Phase 1, c. 78 km), and thereafter possibly to Montego Bay and Ochos Rios on the north coast. The tender was won in 2001 by Bouygues Travaux Publics (“Bouygues”) from France. The Concession was awarded to TransJamaican Highway Ltd. ("TJH” or the "Company") by the Ministry of Transport of Jamaica through NROCC, the National Road Operating and Constructing Company. Phase 1A of the Project has been completed and is already operational. The financing contemplated by IFC (up to $85 million, consisting of senior debt and equity) includes the financing of the expansion of the existing toll motorway west of Sandy Bay by an additional circa 17 km further west up to the town of Four Paths (Phase 1B-1) (2x2 lanes carriageway) and the refinancing of an existing medium-term facility that was put in place for the financing of the Phase 1A.