Rural Development and Local Government Minister Faris Al-Rawi has announced the beginning of the construction of high-rise apartment buildings for $300 million as part of the ongoing San Fernando Waterfront Redevelopment project.
Al-Rawi visited the site on Saturday with Housing Minister Adrian Leonce, Urban Development Corporation of TT (Udecott) chairman Noel Garcia, contractor Ellis Karamath of Hafeez Karamath Ltd and other officials.
The project, he said, entailed the development of 120 units in the first phase and 95 units in the second phase within 18 months under private-sector development.
Al-Rawi explained that before this project could have commenced, they had to undertake several others, including coastal defence works, widening of roads, invest $600 million in WASA’s water treatment plant, the Housing and Village Improvement Programme (HVIP) developments, demolition works at the Ministry of Works and Transport site, construction of the carpark and the installation of the fishing centre. Adding that they have also relocated and compensated squatters, he said, “This is very much an active zone of construction from Skinner Park all the way up to Marabella Trainline at Guaracara River which is where the other development is, it represents approximately $2.67 billion of investment which allows for thousands of jobs in construction and thousands of jobs after construction.”
He said the development mirrors that of MovieTowne in Port-of-Spain.
“This is the only way to escape the poverty of squatting, the replacement of jobs away from URP, Cepep and Forestry into marine facilities, into fishing facilities, into housing and construction and this represents therefore the culmination of 50 years of ole talk coming into actual hard ground reality.”
As for the Embacadere landfill, Al-Rawi said it would be closed and converted into a recycling area.
Udecott is the overall implementation agency and developer of the Master Plan for the Redevelopment Project which, Al-Rawi said, comprises 31 projects which are being undertaken in four phases.
On Saturday, Al-Rawi and the other officials accompanied Prime Minister Stuart Young to the new $35 million San Fernando Fishing Centre, located nearby, for the official handing over of the facility to the Ministry of Agriculture, Land and Fisheries.