T&T NGL Limited (TTNGL) is working assiduously with Government on payment of dividends in US currency, Chairman Gerry Brooks told shareholders yesterday.
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PM assures relief forferry service
Prime Minister Dr Keith Rowley has admitted that 2017 had proven to be “a more than challenging year” - both for the Port Authority of T&T (PATT) and for Tobagonians.
In his national address last evening, Rowley acknowledged, “The cargo ferry service provider broke his contract and withdrew the vessel when wholly unacceptable terms could not be met.”
“The passenger ferry service also presented challenges due to the absence of routine dry-docking during the earlier years.”
Revealing that tender process for a substitute passenger vessel had become the sixth aborted tender at the PATT, Rowley said the Cabinet acted swiftly to appoint a sub-committee to engage international brokers to locate a suitable vessel for lease.
The National Infrastructure Development Company Limited (NIDCO) is being used as the contracting party.
Providing the nation with an assurance that relief is on its way, Rowley confirmed one of the brokers had found a new vessel which had not yet been put into service and was available for sale.
The prime minister claimed, “We had all the necessary inspection, examination certification checks and sea trials were done on this vessel and after all satisfactory reports were obtained, steps have been now taken to purchase this vessel.”
Upon completion of this process, the new vessel is expected to arrive in T&T in the coming weeks from a port in Asia.
Rowley predicted, “The introduction of this vessel on the sea-bridge should see a dramatic improvement in the service capacity and reliability that would brig considerable relief to the long suffering people of Tobago from the early months of 2018.”
He urged the nation to have hope despite the challenges currently before it.
Rowley advised persons to behave responsibly and put their shoulders to the wheel in order to make their presence felt.
He warned, “There is much more adjustment to come before we clear these dangerous rapids towards calm waters.”
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