Port Galeota will be ready this year, senior energy officials from the Ministry of Energy and the National Energy Coporation have said.
Last year, Energy Minister Kevin Ramnarine said: "We started work on the Galeota Port, which was a project of the previous administration that had been stalled. We un-stalled the Galeota Port and it has commenced, and we expect the port to be completed some time this year."
Ramnarine, speaking about the port, said: "It is not just a port. Galeota could become a city, because as you know cities have their genesis in ports. We have the port of Singapore. London is a port city. New York is a port city. Port-of-Spain is a port city."
Ramnarine was speaking during a recent sitting of the Senate while the Finance Bill 2013 was being discussed.
"Galeota is at the centre of a circle that includes T&T's deepwater acreage; that includes T&T's shallow water acreage on the east coast. As you know, we have a tremendous amount of infrastructure out there on the east coast, and it is also central to Venezuela. It is central to Guyana, Suriname and French Guiana.
"One of the things that you learn when you go to the energy conference is that a lot of what is happening in French Guiana is being planned in Chaguaramas, in Trinidad, and is being planned in Port-of-Spain. In fact, the well that Repsol drilled in Guyana last year was planned from Port-of-Spain. So, Port-of-Spain is becoming the Houston of the Caribbean and we expect that Galeota would become a significant energy services hub for this part of the Caribbean. So that is the vision."
Work on Port Galeota began in November 2011. At a double ceremony celebrating the sod-turning for the port and the opening of a fish-landing facility in Guayaguayare, the National Energy Corporation (NEC) estimated the cost of both projects at US$80 million. Construction for the fish-landing facility, which began in 2010, was said to have cost US$5.6 million.
Dr Vernon Paltoo, president of the National Energy Corporation (NEC), had also said during the T&T Energy Conference last month: "That is why we are pursuing the development of the Galeota Port which is expected to be completed this year and, further to that, the expansion of the Galeota Port, which we anticipate will be used as a hub for providing services to emerging energy frontier countries such as (those in) South America and Africa. So in essence, I want to position T&T, through the NEC, not just to expand the energy sector locally, but to ensure that we go well into the future as an international player in the energy sector."
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