Senior Multimedia Reporter
peter.christopher@guardian.co.tt
The Trinidad & Tobago Aggregate Producers Alliance (TTAPA) is hoping the windfall expected by the Government from high energy prices and expected revenues from gas projects in 2027 is used well to help resuscitate the sector and stimulate the economy.
In a forum on Friday held at the University of the West Indies, St Augustine campus, entitled The Renaissance Budget: Build the Economy Before the Windfall, President of the Trinidad and Tobago Aggregate Producers Alliance Nigel Tenia said the Government needed to use the windfall wisely as opposed to simply spending to alleviate immediate economic stress.
“Let us plan so that the alleviation is not a short-term win, but more of a mid to long-term victory that the country will experience,” said Tenia, who also called on the Government to address hurdles the association faced with regard to doing business.
“We need policies. We need a framework that allows business to be dealt with and to be handled in the country a lot easier than it is now,” said Tenia, who, along with other members, noted the licensing process for mining and processing is complex and has created a bottleneck that restricts supply and inflates construction costs.
However, other members of the discussion also raised concern about crime being a by-product of these restrictions, as another association member, Howard John, noted unregulated quarrying transformed areas such as Sangre Grande and Valencia into major criminal hotspots, with an estimated 90 per cent of local criminal activity driven by the illicit aggregate trade.
The discussion also raised concerns about amendments to the procurement regulation bill, as some felt the amendments had undercut the effectiveness of the Office of Procurement Regulation.
He added that this could be further intensified when construction demand increases following an injection of funds from energy projects; in the absence of strict regulatory oversight, the quarrying industry becomes a “freefall,” with illegal operators digging wherever materials can be found to meet demand. John pointed to recent activity in Guyana as an example.
“I don’t know if they didn’t see it coming with the oil windfall, but we used to get calls seven days a week from Guyana, not six or five days, seven days a week, for support to get aggregate to facilitate what was going on up there,” said John, “There’s an aggressive demand for aggregate, and in the absence of a regulatory frail rule, people go in there and they start to dig wherever they can find materials, and the governments usually turn a blind eye to it because they can’t afford to suppress it because it will frustrate the development.”
President of the San Juan Association Abrahim Ali said the Government needed to pay attention to lower- to medium-income earners, as he noted much of the stagnation in the construction sector was as a result of economic uncertainty faced by that economic group.
“We have seen a decline in our economy, particularly because of small and micro industries are not being able to survive because of the flow of income in the pockets of the small people of Trinidad and Tobago,” he said.
He called on Government to pay greater attention to Small and Medium Enterprises, as those businesses were responsible for income returning to those households.
