STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
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SUSTAINING GROWTH, SECURING PROSPERITY
TRANSPORT AND COMMUNICATION
NATIONAL HELICOPTER SERVICES LIMITED (NHSL)
National Helicopter Services Limited (NHSL) was
incorporated on October 3, 1989, as a majority
ownedStateEnterprise (82.3%GORTTand 17.7%
NGC). It was established to provide essential
helicopter services to the GORTT, particularly in
emergency or disaster situations, the oil and gas
sector and other commercial entities, including
NGC. The Company also provides third party
aircraft maintenance and logistics to the Ministry
of National Security.
NHSL continued the following projects in fiscal
2013:
• New Camden Passenger Terminal and
Related Infrastructure
– The scope of the
project was expanded and the estimated
cost was revised from $16.4 million to $50.0
million. It includes an expanded hanger, ramp
and apron; fueling system, flyby landing strip
for emergency landing, expanded car park,
handover and meeting rooms for offshore
clientele, drug testing and sterile holding
areas, housing for simulator and training
classrooms.
The projected expenditure for the periodApril
to September 2013 is $4.0 million and for
fiscal 2014 is $16.0 million. This project will
now be funded by GORTT.
• Acquisition of One S76C++ Medium Twin
Helicopter
–
The cost of acquisition was
revised from $64.0 million to $80.0 million.
The aircraft was acquired and is being
retrofitted to an offshore utility interior. The
delivery is scheduled for the last quarter
of fiscal 2013. Funding was provided by a
combination of internal funds and local
commercial banking sector financing.
• Acquisition of two (2) new S76D Medium
Twin Helicopters
– These acquisitions are
necessary to replace ageing aircraft and are
expected to be completed by July 2014 at
an estimated cost of $171.5 million. Funding
provided by local banking sector.
• Acquisition and Refurbishment of the
adjacent NGC Hanger and Facilities
at Camden, Couva
–
The project would
increase the amount of hanger space and
training rooms. This project is expected to be
completed by June 2014 at a revised cost of
$9.3 million. The facilities are being used by
NHSL under a lease/purchase agreement
with NGC until the assignment of the lease
is approved by the Commissioner of State
Lands (COSL).
• Construction of an Aviation School
at Camden
–
This is estimated to cost
$5.0 million. NHSL is awaiting approval
of assignment of the lease from COSL to
commence the project.
ECONOMIC INFRASTRUCTURE
