There were 33 results found for Trinidad & Tobago and Construction

There were 33 results found.

Overview

Government plans to increase housing supply in Trinidad and Tobago
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The residential real estate market has experienced fluctuations through the boom and bust cycles. During the 1990s and into the 2000s, buoyed by high energy prices and large amounts of foreign direct investment (FDI), there was a corresponding increase in property development. As a result, the prices of homes rose by more than 400% from 1991 to 2006. This drove up the price of properties in…

Interview

Meng Yan, Managing Director, China Railway Construction (Caribbean) Company: Interview
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Interview:Meng Yan What major developments can we expect to see from the sector in the short to medium term? MENG YAN: The recent economic recession has affected the pace and rhythm of the construction sector in general, and large infrastructural projects in particular. The government of Trinidad and Tobago has attempted to get the best value for each dollar invested in infrastructure during…

Chapter

The Report: Trinidad & Tobago 2018: Construction & Real Estate
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The construction sector has the potential to satisfy the housing demands of Trinbagonians, improve the transport infrastructure and support economic growth over the long term. Local professionals have been largely responsible for the built environment of Trinidad and Tobago until recently, and the domestic sector still has strong potential to develop local capabilities outside T&T. However, proper…

Country Report

The Report: Trinidad & Tobago 2018
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Optimism is returning after years of recession, despite the fourth quarter of 2017 seeing real economic activity contract by 1.2% year-on-year and the IMF putting growth for the whole year at -2.6%. The organisation forecasts expansion of 1% in 2018 and 0.9% in 2019, with the government now having the opportunity to shift their focus from tackling short-term economic problems to implementing long-

Economic News

Housing incentives spur construction in Trinidad and Tobago
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Trinidad and Tobago has launched two programmes to incentivise new residential housing projects, with the aim of addressing a national housing shortfall and boosting activity in the construction sector. The Housing Construction Incentive Programme, first announced in the 2018 budget and enacted on January 1, provides grants of up to TT$100,000 ($14,800), or plots of land in lieu of payment, to developers…

Analysis

Ongoing schemes tackle Trinidad and Tobago's housing deficit
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Since taking office in September 2015, the government of Prime Minister Keith Rowley has been looking into the development of affordable housing with the twin objectives of meeting the needs of lower-income families and using the construction industry to stimulate employment and economic recovery. In December 2015, Rowley said his government intended to “ramp up housing construction as a…

Overview

Construction in Trinidad and Tobago works to get back on track with new projects
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The construction industry is an important part of the local economy, accounting for almost 5% of GDP. Central bank data projected this figure would fall to 4.7% in 2016, a 0.2-percentage-point decrease from the year before. The bank also expected the construction and quarrying segment would contract by 7.6% in 2016. This downturn in construction activity in recent years has been caused by two…

Overview

Lower oil prices and a new tax take a toll on construction in Trinidad and Tobago
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A diverse real estate market exists in Trinidad and Tobago, focused on domestic home ownership and rental, tourism-related property sales and rentals, and commercial property and office space. There are several hundred active real estate agents operating across T&T. The central bank classifies these activities as part of the wider “finance, real estate and insurance” sector, which in…

Chapter

The Report: Trinidad & Tobago 2017: Construction & Real Estate
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A gradual recovery in the number of projects on construction firms’ order books for 2017 is expected. Current performance in the sector hints that an improvement could come, based on a moderate pick-up in the energy sector and greater public sector demand. Progress is being made to develop public-private partnerships and push forward with the project pipeline. Although the real estate market has…

Country Report

The Report: Trinidad & Tobago 2017
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The oil and gas industry has historically been Trinidad and Tobago’s primary economic engine, but it has faced challenges in the low-price environment of 2014-16. Strategic decisions are now required across the entire value chain, from incentivising upstream production to improving refinery profitability in the mid-stream and boosting capacity utilisation downstream. After facing pressing short-

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There were 33 results found for Trinidad & Tobago and Construction

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