STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
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SUSTAINING GROWTH, SECURING PROSPERITY
•
One (1) Semi-Automatic Filling Line for
the Lube Oil Blending Plant (LOBP)
– NP
proposes to replace an obsolete gallon filling
line at its plant in Sea Lots. The estimated cost
of this project is $10.0 million and completion
is targeted for fiscal 2014. Projected
expenditure from April to September 2013
and for fiscal 2014 is $3.0million, respectively.
•
Automatic Pail Filler
– This system involves
the bulk packaging of lube oil. The automation
of this system will result in a more efficient
and accurate pail filling. The estimated cost
of this project is $5.0 million and is expected
to be completed by fiscal 2014. Projected
expenditure from April to September 2013
and for fiscal 2014 is $2.5million, respectively.
NATIONAL QUARRIES COMPANY LIMITED (NQCL)
National Quarries Company Limited (NQCL)
was incorporated in 1979 as a wholly owned
state enterprise to carry on the business of
manufacturing, importing and exporting of
aggregate products. The company also operates
quarries, mines and sand pits. NQCL contributes
to the supply of aggregate at affordable
prices which is a key success factor in the
implementation of the government’s housing
programme, the development of industrial
estates and the physical infrastructure of the
Republic of Trinidad and Tobago. NQCL operates
four (4) Wash Plants with capacity to produce
940 metric tonnes of aggregate per hour.
The company will continue the following projects
from internal funds for fiscal 2014:
•
Crushing Plant #5
– This plant will allow
NQCL to increase its production capabilities
to meet expected demands. The estimated
cost of the project is $0.8 million of which
$0.5 million was expended in fiscal 2012.
Projected expenditure for April to September
2013 is $0.3 million.
•
Upgrade of all Plants & Buildings
– The
scope of the project was revised to include
the optimisation of existing washing plants
as well as the various buildings at the Turure
Division. The estimated cost was revised
from $1.2 million to $14 million. The projected
expenditure for April to September 2013 is
$7.5 million and for fiscal 2014 is $6.0 million.
•
Purchase of Heavy Equipment
– An
estimated $6.6 million was projected to
purchaseanewloader,excavatorandbackhoe
to enhance operating activities. The purchase
of the heavy equipment is scheduled for the
last quarter of fiscal 2013.
•
Laboratory Upgrade
– The estimated cost
of the project is $0.5 million of which $0.3
million was expended as at March 2013. The
projected expenditure for April to September
2013 is $0.2 million to complete the upgrade.
•
Integrated IT System
– The scope of the
project was expanded to include two (2)
additional modules for the new software
application. The cost was revised from $1.5
million to $2.1 million. Expenditure for the
period October 2012 to March 2013 was $1.5
million with $0.6 million projected for the last
quarter of fiscal 2013.
ECONOMIC INFRASTRUCTURE
