Search form

Government of Jamaica Government of Jamaica
Home

  • facebook
  • twitter
  • youtube
  • pinterest
  • instagram
  • Home
  • About Us
    • Annual Report
    • Board of Directors
    • General Manager
    • Brief History of UDC
    • Career Opportunities
    • Core Business/Strategic Objectives
    • Corporate Values & Philosophy
    • Corporate Vision and Mission
    • Products, Programmes & Services
    • Corporate Plan
    • The UDC's Asset Base
    • Policies and Acts
    • UDC Focus Areas
  • Media Centre
  • Investment
  • Tenders
  • Projects
    • Houses of Parliament - Public Consultation Advisory and EIA
    • Fact Sheets
  • Attractions
  • Contact Us
udc
Other Links
  • Advertisements
  • Press Releases
  • Photo Captions
  • Video Clips
  • Audio Clips
  • Speeches
  • Tax Incentive Programme
  • Tenders
  • Career
  • Archive
 
Stay Connected:
  • Facebook
  • Twitter
  • Youtube
  • RSS Feed

The UDC's Asset Base

  • Posted on: 7 October 2014

The UDC has a combined asset base valued at approximately J$41 Billion, mainly in land and buildings. 

Although it is a Government-owned company, it was taken off the central Government's Budget in 1987 and is required to be self-financing. Its Law also requires the Corporation, to submit an annual Report to Parliament. Projects are therefore financed by the UDC's retained earnings, grants from the Government, loans from commercial banks and international lending institutions for primary infrastructure and secondary development. Income is derived from the return on investments in land and buildings, property sales and project management fees.

The Corporation often seeks investment partners to conquer the new frontiers of development, for example Heritage Tourism.  Areas such as the Spanish Town Historic District, Port Royal, Falmouth and Port Antonio offer tremendous scope for development to meet the future needs of Jamaica

udc
  • facebook
  • twitter
  • youtube
  • pinterest
  • instagram
  • Home
  • About Us
  • Media Centre
  • Projects
  • Attractions
  • UDC Webmail
Copyright © 2021, Urban Development Corporation. All Rights Reserved.
Designed and Developed by:UDC Web Team