Lower government revenues following the downturn in global hydrocarbons prices have prompted Trinidad and Tobago to re-evaluate its spending priorities and intensify its efforts to diversify the largely energy-driven economy. Thanks to the country’s strong fundamentals, 2015 is expected to be a recovery year, with the Caribbean Development Bank forecasting expansion of 1.7%, after GDP growth of less than 1% in 2014.
The transport sector is becoming a priority for the government of T&T, as it works to establish a network of transport links capable of supporting economic growth throughout the country. A series of projects are now under way, including the Galeota Port project and the San Fernando-Mayaro highway, both of which are expected to support economic development and contribute to the...
What can be done to increase the number of affordable short-haul flights across the region?
It was not until 2011 that Trinidad and Tobago created a separate Ministry of Transport, spinning it off from the Ministry of Works and Infrastructure. As currently constituted, the ministry is responsible for all aspects of public transport by land, sea and air. The ministry oversees a range of dedicated departments and agencies, including the Public Transport Services...
Piarco International, located outside Port of Spain, has been Trinidad and Tobago’s main airport since 1931. It is the third-largest airport in the English-speaking Caribbean in terms of passenger movement, and the seventh-largest if all Caribbean countries are considered. It is currently configured as two main terminals: North and South. The South Terminal was the...
What changes will local ports undergo in response to the completion of the Panama Canal expansion?
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