Senior Political Reporter
The current Middle East conflict has not impacted on any of the arrangements or expressions of interests regarding Government’s Blueprint Investment plan to date, according to Prime Minister Kamla Persad-Bissessar
The PM gave the information in Parliament in response to Opposition leader Pennelope Beckles’s query in Parliament on Friday.
The PM had also stated that 373 people had so far been detained under the current State of Emergency (SoE).
Beckles asked how the current Middle East conflict has impacted the arrangements to source financing from Gulf States - including the United Arab Emirates - for Government’s Blueprint Investment plan.
A Government team led by Works Minister Jearlean John and UDECOTT chairman Shankar Bidaisee went to the UAE last year to seek investment for the plan. Some 965 expressions of interest were later received. After war erupted on February 28 between US/Israeli forces and Iran, neighbouring Gulf states, the UAE, Qatar and Saudi Arabi suffered strikes by Iran.
On March 5, the Financial Times reported that financial strain caused by the war could see Gulf states reviewing their overseas investments and future commitments as they consider options to ease pressure. The UAE, Kuwait, Saudi Arabia and Qatar had jointly discussed the strain on their budgets and economies. A Gulf official projected it could impact “anything from investment pledges to foreign states or companies, sports sponsorships, contracts with businesses and investors, or sales of holdings.”
On Friday, PM Persad-Bissessar, noting the 965 expressions of interest received for Government’s investment programme, said the plan has had “a tremendous impact.”
“I was told by the Works Minister that the current situation is that the Middle East conflict has not impacted any of the arrangements or expressions of interests regarding Government’s Blueprint plan to date,” the PM added.
Persad-Bissessar was also asked about international reports of a sharp increase in fertiliser prices due to the Middle East conflict and what was Government’s plan to insulate the local farming industry and domestic food prices. She said the Agriculture Minister is currently monitoring the ongoing situation and working together with the local farming community and all stakehodlers to mitigate any price increases.
Persad-Bissessar also told PNM MP Dominic Romaine that the cybersecurity infrastructure for the digital Arrival/Departure platform is robust enough to protect sensitive passenger data from breaches.
On other Opposition queries, Education Minister Michael Dowlath told PNM’s Dr Nyan Gadsby-Dolly that the T&T Police Service was contacted following the discovery of 400 rounds of ammunition at the Vessigny Secondary school and the items were removed.
“The ministry continues working closely with the police as investigations proceed. Initial assessment indicated no immediate threat to the safety of students or staff and teaching/learning activities were not disrupted,” Dowlath added.
On another query, Dowlath said the Arima Boys’ Government Primary School experienced an interruption to its potable water supply due to a malfunction in the school’s water pump system. One pump requires replacement and another requires repair and arrangements have been made to undertake the necessary repairs, he said.
Dowlath said the required works will be carried out today (Monday) and the school is expected to reopen tomorrow once the potable water supply has been restored.
“In the interim, the ministry has ensured that all necessary arrangements are in place to facilitate students preparing for the Secondary Entrance Assessment (SEA), so there’s no disruption to their preparation or examination arrangements,” Dowlath added.
