STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
63
SUSTAINING GROWTH, SECURING PROSPERITY
PROGRAMMES
ESTIMATED
TOTAL COST OF
PROGRAMME
TT$ million
ACTUAL
EXPENDITURE
TT$ million
PROJECTED
EXPENDITURE
TT$ million
DETAILS OF PROGRAMMES FOR 2014
OCT. 2011 TO
SEPT. 2012
OCT 2012 TO
MARCH 2013
APRIL TO
SEPT 2013
OCT 2013 TO
SEPT 2014
Chemtech
10.00
0.00
0.00
0.00
10.00
Chemtech Limited has initiated
measures to develop a formaldehyde/
melamine resins cluster in Trinidad and
Tobago.
New vessels to
support tenders
Atlantic LNG
and PETROTRIN
230.00
0.00
0.00
0.00
57.50
NEC proposes to acquire 4 55-65 tons
BP ASD tugs at an estimated cost of
$230.0 million. The acquisition of these
vessels is targeted for support tenders
for Atlantic LNG and PETROTRIN.
Surveying/
Dredging of
Point Lisa
Channel and
Turning Basin
24.00
0.00
0.00
0.00
24.00
NEC is required to maintain the chart/
advertised depth of the Point Lisas
harbour. The projection for fiscal 2014
is $24.0 million to carry out works
including engagement of a dredging
company to remove the siltation in the
harbour.
Risk Analysis/
Market Study
for Haiti – Port
of Migroane
1.60
0.00
0.00
0.00
1.60
To participate in a project in Haiti with
NP and PETROTRIN.
NEC Building
– Extension to
Administration
Building
6.00
0.00
0.00
0.00
6.00
Extension to its administration building
to accommodate new staff.
PPGPLAccess
Road
2.50
0.00
0.00
0.00
2.50
To provide access to PPGPL’s corporate
headquarters on lands leased from NEC.
Asset Integrity
Study
5.00
0.00
0.00
0.00
5.00
To assess the sustainability of the major
marine assets.
