STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
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SUSTAINING GROWTH, SECURING PROSPERITY
• Development and upgrade of grounds,
parks and spaces
– The project involves
the construction and enhancement of the
sporting facilities in communities. The
upgrade entails soccer and cricket grounds,
track and field facilities, basketball and netball
courts, swimming pool, gymnastics hall and
pavilions with seating capacity for 2,000
persons.The estimated cost is $699.0million.
The projected expenditure for the periodApril
to September 2013 is $291.0 million and for
fiscal 2014 is $378.0 million.
• Upgrade of Multipurpose Stadia
– The
project intends to provide the country’s
athletes with modern, user friendly facilities.
It will also increase the potential for revenue
generation through sports tourism. The
project involves the refurbishment and
upgrading works to the five (5) existing
national stadia, namely, Hasely Crawford,
Larry Gomes, Ato Boldon, Mannie Ramjohn
and Dwight Yorke. Cabinet approved a loan
facility of $68.6 million for this upgrade. The
expenditure for the period October 2012 to
March 2013 was $7.1 million and the projected
expenditure for the period April to September
2013 is $1.4 million.
THE TRINIDAD AND TOBAGO SOLIDWASTE
MANAGEMENT COMPANY LIMITED (SWMCOL)
Trinidad and Tobago Solid Waste Management
Company Limited (SWMCOL) was incorporated
on November 12, 1980 as a wholly owned State
Enterprise to provide technical, managerial and
supervisory assistance to public and private
institutions in the collection, handling, treatment
anddisposal of solidwaste inTrinidad andTobago.
In 1989 its mandate was expanded to include the
actual collection and disposal of solid wastes.
The company is also involved in composting and
recycling recoverable waste, mainly glass, paper,
metal and plastic. Currently, it manages three (3)
major landfills which account for 85% of the total
landfill waste.
HOUSING AND SETTLEMENTS
ESTATE MANAGEMENT AND BUSINESS
DEVELOPMENT COMPANY LIMITED (EMBD)
Estate Management and Business Development
Company Limited (EMBD) was incorporated on
August 8, 2002 as a wholly owned State Enter-
prise tomanage the lands ownedbyCaroni (1975)
Limited (CARONI) and to stimulate and facilitate
new business activities through the establish-
ment of light industrial, agricultural and housing
estates and commercial complexes. EMBD was
also given the responsibility to provide security
services on the lands belonging to CARONI.
Under the CARONI and Orange Grove Vesting
Act, EMBD is responsible for the development
of twenty-two (22) site residential estates with
appropriate infrastructure to meet GORTT’s
commitment to former CARONI employees.
In 2009, GORTT approved an Agricultural
Initiative for the rehabilitation of 500 kilometers
of access roads. The cost of this programme
is estimated at $100 million and is funded by
government.
SOCIAL INFRASTRUCTURE
