North-South Highway Extension, Phase 1B: Mammee Bay to Prospect

At US$224 million, Phase 1B represents an initial tranche of the North-South Highway Extension that could be delivered by a single investor or a small consortium, while bypassing the most congested town along the corridor and capturing the traffic most likely to utilise a tolled route. The project will build on the established tolling system, operator and customer base of the North-South Highway and can progress independently while financing for Phase 1A is being assembled. Land acquisition requirements are relatively limited, with a defined project scope comprising 17.5 km of highway infrastructure and an estimated land cost of US$6.6 million. Preliminary design work and a bill of quantities have been prepared, feasibility studies are being finalised, and the project concept has been submitted to the Public Investment Appraisal Branch. A memorandum of understanding with China Harbour Engineering Company covers the feasibility and design-build phases of the wider extension programme. Financing and concession opportunities remain open. Investors may participate as concessionaires, equity investors, debt financiers, or providers of project preparation finance.