Come 2025, the capital city is expected to get a facelift, as the Port-of-Spain Shopping Complex Limited (PSSCL) promises that the new mall, earmarked to be built at 43 Independence Square, will be up and running.
Additionally, right next door, the Government has allocated $3 million for infrastructural works and $20,000 for remedial maintenance of the existing mall, formerly known as New City Mall.
Speaking to Guardian Media following a Memorandum of Understanding (MoU) signing ceremony at Government Campus Plaza, Port-of-Spain, yesterday, PSSCL chairman Montgomery Guy said repairs were also be done at East Side Plaza on Charlotte Street.
Guy said, “Refurbishment is already taking place at New City Mall. We anticipate that in 2025, the new mall at 43 Independence Square will be up and running and works at East Side Plaza and we’re working to ensure that the facility is part of the (Port-of-Spain) Revitalisation Programme... the PSIP expenditure in the Ministry of Finance’s records for PSIP under the Ministry of Housing, the New City Mall would have been allocated $3 million for infrastructural work there and we have some remedial maintenance with an allocation of $200k. However, plans are on the way to refurbish and do remodelling work at the East Side Plaza, so that would require a different kind of funding to make that mall’s refurbishment possible.”
But PSSCL’s focus isn’t only on improving the outward appearance of the malls, but improving its tenants as well.
Yesterday, a MoU between PSSCL and the National Entrepreneurship Development Company Limited (NEDCO) was signed to provide tenants with entrepreneurial skills training.
Guy revealed it is costing PSSCL a quarter of a million dollars to train its over 200 tenants.
Guy said, “What we intend to do with this is to enhance the entrepreneurial capabilities of our tenants at what was formerly New City Mall and East Side Plaza, so that their skills are enhanced, their abilities are enhanced, and they are better successful entrepreneurs in conducting business.
“The training is specific to entrepreneurial abilities, managing your records, marketing, business management, it’s very specific to that.”
While Guy said there had been no reports of extortion attempts on any of the tenants, he admitted that the malls had increased the number of security personnel from private firms and continued to work with the police due to the high crime plaguing the capital.
He said, “Crime is a national issue. We are not protected from that. However, we have taken steps to ensure the safety of customers at our malls, ensure the safety of our tenants by increasing the security private firms that we have on board, as well as working with the TTPS to provide that extra blanket of security at both malls,” he said.
