Withdrawal/Divestment from the Land Bank
Considerations for withdrawal from the Land Bank are as follows: situations:
i. Divestment by Government: This may be done by way of direct land swap or reclamation, etc.
ii. By way of Gift for example where there is continued squatting on not being used by PAJ for example certain lands in Portland.
Divestments with respect to (i) and (ii) above are done in conformity with established Government policies and procedures.
iii. Divestments by Sale after due consideration is given to the usefulness of the land for PAJ purposes.
iv. Divestment by Sale/Long-term Lease
a) Partnerships - This is usually done by utilizing GOJ’s Public Private Participation (PPP) Policy Structures
b) Public Advertisement - Lands are advertised for sale publicly in the print media.
c) Private Treaty - This is where the PAJ’s development would entail partnership with persons with common interest with PAJ.