Revenue growth for Portmore toll slows as community changes from dormitory to BPO Central

 

 


 TransJamaican Highway Limited reports in its new annual report that  for the year ended 2024 revenue from the Portmore toll was US$34.9M,  only a small improvement on 2023.

Management stated “ Portmore, St. Catherine operating 21 toll lanes since July 2006  our largest in terms of traffic, recorded revenues of US$34.9 million in 2024, up from US$33.6 million in 2023, an increase of 4 per cent.

“ Traffic grew modestly by 1 per cent, from 13.6 million to 13.8 million vehicles. This modest traffic growth, coupled with rising revenue, reflects the evolving profile of Portmore. Once considered primarily a “dormitory city,” Portmore has transformed into a more self-contained urban center, with a growing number of BPOs, supermarkets, restaurants, and entertainment facilities, reducing the need for daily commuting to Kingston. “

The performance compares to top performing gateway   Spanish Town Toll Plaza, where there was  significant year-on-year growth, with revenues increasing 17 per cent, from US$5.2 million to US$6.1 million, and traffic rising 15 per cent, from 2.8 million to 3.3 million vehicles.

Management stated, “This strong performance correlates with increasing congestion on the Spanish Town Bypass, which has redirected a larger share of daily commuters and freight to the toll route. The congestion has had a knock-on effect, positively influencing volumes at nearby plazas as well.”

 Ath the May Pen toll Plaza revenue was $9.8M Vehicle: up 18 per cent over 2023. Located in May Pen Clarendon and operating 8 toll lanes since August 2012.

Revenues rose from US$8.3 million to US$9.8 million, an 18 per cent increase, while traffic climbed from 5.0 million to 5.4 million vehicles, up 8 per cent.

Management commented, “ What is particularly noteworthy is the long-term revenue transformation at the May Pen toll plaza. In 2014, this plaza accounted for just 7 per cent of our total revenues. Today, it represents 12 per cent, demonstrating the impact of focused economic development in central Jamaica and increased reliance on toll infrastructure in the region.”

 

 

 

For the year ended net profits climbed  31 per cent from $24 million in 2023 to $31.3 million. Revenue also reached a record $82.8 million.

The company has  embarked on several infrastructure projects. Work is already in progress on the construction of new interchange ramps at Freetown, which will enhance accessibility and connectivity for commuters.

TJH has  commenced the widening of the Vineyards Toll Plaza to improve capacity and efficiency.

The development of a new gas station by Rubis on the Causeway is  underway, adding  convenience for motorists

Management stated, “We anticipate finalisi our agreement with the National Road Operating and Constructing Company (NROCC) for the rights to operate the next phase of the highway from May Pen to Williamsfield. This expansion represents a significant step forward in our mission to enhance Jamaica’s transportation infrastructure and drive economic progress.”

Caribbean Money Daily

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