Senior Reporter
charles.kongsoo@guardian.co.tt
Majority state-owned First Citizens will pay the full cost of the Diego Martin Administrative Complex.
Finance Minister Colm Imbert said First Citizens proposed to finance the construction of the entire 30,00 square feet building at a cost between $40-45 million divided into two –First Citizens in the South end and the Diego Martin headquarters on the northern side.
He was speaking at the opening of the Diego Martin Administrative Complex, at Ken Valley Drive, Diego Martin, yesterday.
This facility, said Imbert, would be financed without a government guarantee.
Imbert said that First Citizens was essentially renting the southern part of the building for 20 years which would be sufficient to repay the loan.
Prime Minister Dr Keith Rowley said a better quality of life has come to Diego Martin and is in store for the rest of the country.
“Today I speak as the voice of change because change has come to Diego Martin and it will come to the rest of the country.
“In a matter of weeks, I hope NIDCO will tell me that the road connection between the East/West artery and the North/South artery where we have been working on for the last two and a half years or more has been disturbed by COVID.
“But we’re almost close to completion of the smooth and safe interaction between the arteries of the Western Main Road and the Diego Martin Highway.
“When that is complete, it will be the most modern road infrastructure in an urban area in T&T,” he said.
He said he looked forward to a similar function in Siparia when the people of Siparia through their executive at the corporation do what Diego Martin did in voting in support of changing their status from a corporation to a borough.
Rowley said that they too can expect an improvement in the quality of life in their neighbourhoods.
He said this was where burgesses will have to take responsibility and elect responsible people.
PM advances agenda for local government reform
Rowley said he has had to listen to detractors on many occasions saying that the reason why Local Government had become obsolete and the reform had not become a reality was that the PNM Government did not want to give up control.
He said, however, the Government worked and created a structure into which they put that responsibility, authority, and control to facilitate local government reform. The reform, he said, brings greater responsibility at the district level so that they can control the fiscal, administrative, and management arrangements. He described it as a “devolution of authority.”
Rowley said what currently passed for Local Government was a sham, and what was needed was to change several things first.
He said this will entail bringing new management arrangements, and an organisational chart in the corporation filled with various posts, such as officers with certain skills from town and country, engineering, and social services to security.
Rowley said all these things will provide a better quality of life for the people who live within the boroughs or corporations.
Commenting on property tax as a form of revenue, the PM said small payments by a lot of people will provide money to support improvement in the quality of life for people everywhere in T&T.
Dr Rowley will host a press conference tomorrow at 10.30 am at the Diplomatic Centre.