A NEW port will be constructed in La Brea, Minister of Planning Dr Bhoendradatt Tewarie has said.
Tewarie made the statement at yesterday’s weekly post-Cabinet news briefing at the Office of the Prime Minister in St Clair.
Tewarie said a port rationalisation study, which was funded by the Inter-American Development Bank (IDB), was conducted between December last year and March.
The study was commissioned by the Economic Development Board of the Planning Ministry.
Tewarie said Cabinet yesterday approved the recommendation to have a port built in La Brea which is anticipated to create “hundreds of jobs” for residents in the area.
The La Brea port will focus on ship repairs and transshipment of goods.
It will be a public/private initiative and discussions and consultations will be held with other ports and other stakeholders in the industry.
Tewarie said according to the study the port in Port of Spain is the “least competitive and least productive right now”.
“Point Lisas (port) is significantly better but not up to the level of global efficiencies so that the first thing is the improvement of productivity and competitiveness at Port of Spain and Point Lisas,” he said.