Lead Editor–Politics
akash.samaroo@cnc3.co.tt
Works and Infrastructure Minister Jearlean John says Government plans to fund its Revitalisation Blueprint through “government to government” and “public-private partnerships”.
She also revealed that soon she will leave the country to seek foreign investment.
Speaking with Guardian Media, after an ambitious redevelopment and infrastructural ten-year plan for Trinidad and Tobago was unveiled yesterday at the Diplomatic Centre, the minister was asked where the money to fund these massive projects is coming from.
Minister John explained, “If you notice, that room had a mix of people. It had bankers, it had the captains of industry, and so on. And we were live-streaming all across the globe. So, we are looking at government-to-government, public-private partnership. If you notice, and you hear the buzz about, people said they have never seen a roll-out like this.”
John added, “This is not a joke. It’s a serious matter. So, you have to raise your standard. And what we tried to do was to ensure that we were seamless in terms of, you didn’t know if this presentation was taking place in New York, in Dubai, in Singapore. Because of the quality of the presentation. That was done by me and a few other people, sitting in this country. So, we have the potential, we have the capability, we have the drive. I work very hard, and I attract people who work hard.”
With respect to foreign investors, John said, “We have been speaking to them kind of one-on-one. So basically, they came together en masse because they have been expressing interest even prior to now. In addition, we were beamed across the globe to several chambers of commerce across Europe, across Saudi Arabia. As a matter of fact, very soon, I’ll be going on a roadshow to the Middle East.”
The minister dismissed questions about the impact geopolitical tensions in the region can possibly have on investments.
Meanwhile, given that some of these projects will be in the Sea Lots and East Port-of-Spain communities, John was asked about concerns about gentrification. Gentrification is the process by which wealthier people move into lower-income neighbourhoods, leading to rising costs and often displacing the original, poorer residents.
However, John said she recognises it won’t be an easy process.
“In 2015, the Prime Minister Kamla Persad-Bissessar had said everyone who had been living in those communities, East Port-of-Spain, and are renting HDC houses, give it to them for $1. It was $100, I think. But they didn’t pick it up. Because when I said, Madam, you’re giving away Port-of-Spain, she said, everybody deserves a place to call home. I can’t promise it’s going to be that easy again, in terms of the price. But certainly, we are going to work with the community to ensure that they are part of the build-out, and a part of what comes out, the output.”
But the Works Minister said these projects will bring more residents into the capital city.
