Investment Opportunities in the Caribbean

Logistics & Transport | TRINIDAD AND TOBAGO

Name of Project: Potential Public Private Partnership (PPP) Project at The Port Authority of Trinidad and Tobago (PATT) (Maritime Sector)

Public Sector

Mode of Investment: Establishing and implementing a project through PPP Investment amount required in US$: Approximately USD $350 million for potential Infrastructure and equipment. However, this would also be guided by the level of Investment any potential Investor would deem appropriate.

The PATT provides a gateway to regional and foreign markets, being the largest cargo handling and cruise shipping port in the country. Its market share is 60% of containerized trade in Trinidad and Tobago. However, with the expansion of the Panama Canal, Port of Port of Spain (PPOS) has lost trans-shipment cargo to regional ports who have undertaken investments in infrastructural and equipment upgrades, to capitalize on the trade being transported by the larger vessels transiting the canal. In fiscal year 2021, GoRTT as a means of seeking to improve the efficiency of the operations of PATT businesses, announced its intention to seek a PPP. It is envisaged that this PPP arrangement would allow the diversion of State funding to other areas of its economic programme while also benefitting from the application of private sector management, technology, and innovation to increase the efficiency and profitability of PATT’s operations. The following operations of PATT have been identified for consideration of a PPP arrangement: -

• The cargo operations at PPOS; • The cargo operations at POSCA; • Regional cargo activities at CARICOM wharves; • Cruise shipping business in both Trinidad and Tobago

Contact Person: Trudy Gill Conlon | Email: trudyg@patnt.com Telephone Number: +1 (868) 789-2017

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