One of two towers at the Port-of-Spain Waterfront which cost taxpayers $1.3 billion is leaking. Floor 23, Tower D-situated next to the Hyatt Regency Hotel and which houses the Parliament and the office of Transport Minister Devant Maharaj-is leaking. Maharaj, in his maiden contribution in Parliament on Friday, said while the PNM has been boasting of its work at the Waterfront, Tower D which was used to host the Fifth Summit of the Americas and CHOGM in 2009, is in need of repair. Towers D and C which remained empty for two years, Maharaj said, had cost $1.3 billion with an additional $42 million to outfit.
Maharaj spoke about the elevators at Tower D which have not worked in the last two weeks. Outlining some of the costs associated with his ministry, Maharaj said from October 2009 to September 2010, the Airports Authority of T&T (AATT) showed a liability of $478 million. "The monies were taken as loans under the PNM." Belmer Construction Company which ranked fourth in the technical evaluation, Maharaj said, won the contract to construct the local food court. "No evaluation for the financial proposal could be found," he added. Maharaj said although Quantum Construction had the same score in the technical evaluation as Belmar and a lower overall tender sum, Belmer was awarded the contract.
The contract sum was $10 million but Belmer was paid $18 million, Maharaj said. "That amounts to an 80 per cent increase from the original price." Maharaj said variation of a contract is ten per cent. According to the minister, $.5 million was spent on an unused umbrella canopy in the food court that covered only three doubles vendors. He also said no contract for the design and supervision of the food court could be found, yet $.8 million was paid to Reynald and Associates.
From 2008 to 2010, Maharaj said, the PNM spent $5 billion on the purchase of water taxis, some of which never sailed and had to be repaired. "What is our operating expenditure added to that cost of $48 million per annum?" The revenue from the water taxi service, Maharaj disclosed, is $5 million. "So we spending $48 million to operate but getting $5 million in return." The subsidy per passenger is $115 one way. However, he pointed out that the subsidy to go from Trinidad to Tobago via CAL was $50.
