Jamaican Marlo Rodman (PSL) claimed his first Tobago International Cycling Class Stage title after the fourth and final stage at Wilson Road, Scarborough, yesterday.
You are here
IDB recommends Labidco port over Govt's
An Inter-American Development Bank (IDB) ten-page consultant's Port Rationalisation Study for T&T by Nathan Associates recommended the construction of the Brighton International Terminal instead of the Government's proposed "La Brea" port, which, according to the Environmental Management Authority (EMA) filing, is actually planned for the Rousillac area.
The Brighton International Terminal is the project of Labidco Port Services Ltd owned by New York state-based businessman Deo Gosine and other US investors.
The IDB said in its March 14 report it does not expect the widening of the Panama Canal to have the grand effect Trade and Industry Minister Vasant Bharath and others have forecast it will have on Caribbean ports.
"We do not expect meaningful change in T&T's regional position and its role as a secondary hub. Our main observations are: Panama Canal expansion will have small impact on the Caribbean region and even smaller than that on T&T ports," the IDB document said.
The IDB estimated T&T's container throughput by the year 2025 to increase at most to 1.12 million containers, at mid-range to 810,000 and, if growth is low, at 620,000. At present, T&T's throughput is 631,000 per year.
The Brighton International Terminal is being planned on the basis of a throughput of 2.5 million containers per year, at no cost to taxpayers with private investors' dollars. The Government's "La Brea" port is to be built with a US$500 million loan from the government of China that would add to the public debt taxpayers must repay at an interest rate of two per cent over the next
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.
Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments.
Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.