Friday 16 November, 2018

Gov't to assist with private sector projects through new Committee

Government intends to offer assistance to the private sector - where it can – to get large and medium scale projects off the ground.

In this regard, a five-man Implementation Committee chaired by businessman Christian Mouttet is expected to be formed soon to liaise with the private sector to assess the businesses and projects which are most likely to stimulate the economy.

The committee will then report to the Office of the Prime Minister, outlining which projects the private sector is looking to prioritise and how Government can assist in that process.

Minister in the Office of the Prime Minister Stuart Young made the announcement at Thursday’s Post Cabinet briefing, as he indicated that Government has heard the calls from the private sector to prioritise manufacturing projects.

Chairman of the T&T International Finance Centre Management Company Ltd (TTFCMC), Richard Young (Deputy Chairman), Blair Ferguson, Chairman of Caribbean Airlines Shameer Mohammed, and Gloria Jones Nape from Tobago are the other four members of the committee.

Responding to criticism that Young’s father is a part of the committee, Finance Minister Colm Imbert, who was the only other member of Government who appeared at the briefing, said it was unfair to throw such a question at the Minister.  

He added that the TTFCMC Chairman possesses the requisite expertise, competence and qualifications to carry out his duties, and that he is satisfied that he is capable of assisting the Government with its relationship with the private sector and getting work done.