Trinidad and Tobago gets US$175M loan to modernise transport- CARICOM Business
CAF -Development Bank of Latin America- approved a US$175M loan in favour of Trinidad and Tobago, with the objective of modernising transportation infrastructure, through actions related to the development of plans, regulatory and strategic changes, initiatives to modernise processes and investments in the sector.
The loan will be used for institutional strengthening, particularly updating plans, strategies and modernising the regulatory framework of process management, such as updating laws related to land transport, developing a policy for the maritime sector, plan strategies for public transport and the air sector, quality systems, etc. Additionally, the credit will tackle activities to improve the quality of infrastructure, with initiatives such as feasibility studies, modernisation of roads, ports and airports, road maintenance, among others.
Extract from CARICOM BUSINESS Vol 4 No 29
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