The search has begun to find a private partner to operate at the Port of Port-of-Spain and the Port of Scarborough.
“The Government of the Republic of T&T operating through the Port Authority (PATT), invites interest from willing investors with experience in port investments, development and operations, shipping, logistics and cruise operations to propose business ideas that will support participation in a PPP Landlord model project with the PATT, in any or all of the following areas:
a) The cargo operations at the Port of Port-of-Spain;
b) The cargo and cruise operations at the Port of Scarborough;
c) Regional cargo activities at Caricom wharves;
d) Cruise shipping operations at PATT,” the request for expression of interest for the potential public private partnership (PPP) project stated.
Apart from this the PATT stated that it should be noted that a potential investor may also consider opportunities in marine services (towage, dredging etc).
“The PATT recognises that an effective public-private agreement has the potential to not only generate revenue but also positively enhance the experience of Port users, businesses and the national community. This Expression of Interest (EOI) is encouraging and creating the competitive environment for new agreement(s) to be created.
“This EOI is designed to give all who may be interested an opportunity to possibly engage in a potential public-private partnership arrangement in the future,” it stated.
In the last budget presentation, Finance Minister Colm Imbert said the Ministry of Works and Transport was mandated to take to rationalise, by the end of 2021, the operations of the Port Authority of T&T and introduce a private sector operator into the handling operations now carried out by the Port of Port-of-Spain, leaving the ferry service to the T&T Inter-Island Company Ltd and the lands for the Port-of-Spain Infrastructure Company.