STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
15
SUSTAINING GROWTH, SECURING PROSPERITY
ECONOMIC INFRASTRUCTURE
analysis of existing and emerging port
and infrastructure projects as well as
towage services within the region is to be
conducted. The estimated cost is $2.5
million; and
•
GIS Study
– To improve the storage and
retrieval of data related to land-utilization
at the Industrial Estates. The estimated
cost is $1.0 million.
•
Security Control Buildings for NEC
Infrastructure
– The project involves
improvements to the security control
systems. The projected cost is $9.0 million.
•
Other projects
– NEC has projected $2.2
million to undertake the following studies for
LABIDCO:
•
A Market Study for LABIDCO’s
Administrative Complex
to determine
the need for a complex. The estimated
cost is $0.2 million; and
•
A Strategic Study for New LABIDCO
Growth Model
to determine new
opportunities for revenue and cost
management. The estimated cost is $2.0
million.
La Brea Industrial Development Company
Limited (LABIDCO) is 83% owned by NGC and
17% by PETROTRIN. This company provides
industrial land for leasing, lay-down and
fabrication yard facilities, bio-remediation and
port and dock services at the La Brea Industrial
Estate and the Port of Brighton. It also offers
developed sites and infrastructurewhich includes
a 380 acre block of developed lands which could
accommodate eighteen (18) tenants.
In fiscal 2013, LABIDCO continued to implement
projects to upgrade the infrastructure facilities at
the La Brea Industrial Estate and introduced its
capital expenditure programmes as follows:
• Access Roads Development of Site
–
LABIDCO commenced the construction of
2,600 metres of access roads with drainage
as new tenants occupied the industrial estate.
The projected cost was revised downwards
from $8.0 million to $4.7 million. LABIDCO
completed the construction of 1,183metres of
access roads in 2012 at a cost of $3.5 million.
All outstanding works will be completed as
required.
• International Ship and Port Facility
Security Codes (ISPS)
– In accordance with
the ISPS codes, $0.2 million was provided
for infrastructure development works to
maintain certification status. NEC is currently
in the process of identifying contractors for
the second phase of this project which will
be at the Brighton Port and Storage Yard.
This project is in progress and a contractor
is expected to be selected in fiscal 2013 to
install CCTV at the Brighton Port and Storage
Yard Facilities.
• Cathodic Protection
– $1.0 million was
estimated for the Cathodic Protection of the
Dock Facility. This project was completed in
December 2012 at a total cost of $1.3 million.
• Drains Corridor/Upgrading of Drains
–
The completion of the drainage network on
the estate was estimated at $3.2 million. It is
projected that $1.5 million will be expended
on drainage works in fiscal 2014.
LA BREA INDUSTRIAL DEVELOPMENT COMPANY LIMITED (LABIDCO)
