Trinidad And Tobago Government News

Spurred by Panama Canal Expansion and U.S. As Trinidad and Tobago seeks to diversify its economy, it is banking on a massive shipyard construction project as the centerpiece of a maritime industry and economic revival. A Trinidad and Tobago Parliamentary debate earlier this year centered on the Motion, ‘Increase of Loan Ceiling under The Development Loans Act.’ One diversification strategy involves the country’s thrust into the development and expansion of the maritime sectors, particularly Shipbuilding and Repair.

In its third significant commercial order for the year, Austal will design and construct four 134.5 ft high speed passenger catamaran ferries for the Republic of Trinidad and Tobago. Designed to carry 405 passengers at a speed of approximately 37 knots, the aluminium vessels are intended to help reduce road congestion in Trinidad and Tobago by establishing a water taxi service between San Fernando and Port of Spain in southwest Trinidad. The water taxi service is part of the Trinidad and Tobago Government’s “Vision 2020” strategy plan…