TJH in $3.8-m storm toll talks

As Jamaica assesses the economic fallout from Hurricane Melissa, TransJamaican Highway Limited (TJH) has initiated discussions with the government to address the significant revenue loss incurred during a 15-day toll suspension. The suspension, mandated by Transport Minister Daryl Vaz as the hurricane approached, resulted in an estimated $3.8 million loss for TJH, based on its average daily revenue of $254,000. Despite this setback, TJH reported a 27% increase in third-quarter net profit, reaching $10.3 million, highlighting the financial impact of the temporary halt.