|Potential for more development projects in TT |
Thursday, February 14 2013
FOLLOWING the recent visit to Trinidad and Tobago of president Luis Alberto Moreno of the Inter-American Development Bank (IDB), the vice-president for Countries of the IDB, Roberto Vellutini accepted the invitation of Planning Minister Dr Bhoendradatt Tewarie. During this visit from February 4-5, Mr Vellutini and members of the IDB team met with Minister of Finance and the Economy Larry Howai and his team to share ideas and discuss options with the IDB and Trinidad and Tobago for the development of Public Private Partnerships (PPPs) and non-sovereign opportunities for loans to both public and private sector stakeholders.
A meeting was also held with Tewarie and representatives from the Ministry of Planning and the Sustainable Development to discuss the status of the Country Strategy and the Country Programme for 2013-2014 with the aim of identifying necessary adjustments and modifications as well as the plans moving forward for projects in East Port-of- Spain.
Members of the IDB delegation at left meet with members of the Ministry of Finance and the Economy’s team. Tewarie and Finance Minister Larry Howai chaired the discussions.
One of the key collaborative projects of the Government of the Republic of Trinidad and Tobago and the Inter-American Development Bank is the Emerging and Sustainable Cities Initiative (ESCI) which was developed by the IDB to help emerging mid-sized cities in Latin America and the Caribbean address some of the challenges facing their urban centers.
Port-of-Spain is one of five cities in chosen by the IDB for inclusion in the ESCI and is selected to pioneer the initiative with focus on sustainability in East Port of Spain. The process utilizes a deep collaborative approach involving Government agencies, community stakeholders of East Port-of-Spain, the Port-of- Spain City Corporation, the San Juan Laventille Regional Corporation and the East Port-of-Spain Development Company.
Vice President Vellutini was privy to one of the many proposals in East Port of Spain utilizing the trinity of public, private and community based involvement while on a site visit to the former Maryland Roman Catholic School located in Belmont within close proximity to the Lady Young Road. In summary, representatives from the Belmont community propose to construct a Vocational Training Institute on the site which will provide educational opportunities as well as facilities to develop small to medium enterprises and entrepreneurial activity in the community. The land was donated for the project by the Roman Catholic Church.
Partnership with the private sector on the project is another key ingredient that will contribute to the project’s success.
Vice-President Vellutini was introduced to members of the Belmont community to receive further insight on the proposed Vocational Training Institute in that area.