Infrastructure investment to support next wave of growth A major program to build infrastructure will help diversify the economy and support new growth by the petroleum sector

摘要

Trinidad and Tobago has begun an ambitious, 12-year program of building infrastructure to diversify its economic base. The goal is to increase the non-energy sector's share of GDP to 66% over the next five years. The plan has been named the Public Sector Investment Programme (PSIP) and kicked off with spending of $US1.2 billion in last year's Budget. The government aims to harness private investment as well by creating a number of public private partnerships — a first for the country. The government's objective is to boost the quality and reach of the country's infrastructure, with an emphasis on projects supporting non-energy industries such as financial services, tourism, information and communications technology, agriculture and creative arts.