Transport & Logistics
From The Report: Trinidad & Tobago 2018
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While some areas of transport and logistics have experienced a decline in performance in recent years due to overall sluggish economic performance, a projected turnaround in 2018 will likely have a positive impact on the industry. However, from port and airport, to road construction projects and upgrades, there still is a way to go to bring Trinidad and Tobago’s infrastructure up to speed with economic demands. Beyond financing new projects, finding ways to improve productivity and competitiveness by streamlining processes and modernising systems will be essential to elevate the sector and enable it to better contribute to the country’s diversification strategy, as well as boost overall economic growth.

This chapter contains an interview with Garvin Medera, CEO, Caribbean Airlines Limited.

Articles from this Chapter

Overview

Paving the way: With a series of infrastructure upgrades in the pipeline, the sector is looking to capitalise on improving economic growth
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As the economy diversifies, Trinidad and Tobago continues to push for major transport infrastructure upgrades. Under Vision 2030, a 15-year framework inclusive of UN Sustainable Development Goals, an allocation of TT$1.91bn ($283.3m) was made for FY 2017/18 to the Public Sector Investment Programme (PSIP), which aims boost production through quality infrastructure and transportation. The PSIP is one of the key policy instruments used by the government to roll out development projects on…

Analysis

Bridging the gap: Fostering connectivity between the two islands is crucial to meeting development goals
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As the country is made up of two separate islands, Trinidad and Tobago’s infrastructure is essential for its economic prosperity. However, the available forms of transport between the islands, consisting of one cargo vessel, two ferries and water taxis, is limited and in need of upgrades. The sole cargo vessel, the Superfast Galicia, was built in 2002 and chartered in 2014. The larger of the two ferries, the HSC T&T Spirit, was launched in 2002 and used for military purposes by the…

Overview

Skybound: Rapid expansion of the global industry propels investment efforts
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The aviation sector is experiencing rapid growth worldwide, propelled by booming tourism industries, lower air fares and the push for greater connectivity in an increasingly globalised economy. Middle-class expansion has also spurred growth in air travel, as more people are able to afford flights for holidays or business-related travel. According to Boeing, commercial airlines experienced annual average passenger growth of 6.2% between 2012 and 2017. The manufacturer also estimated that by 2036 an additional 41,000 plane deliveries will need to be fulfilled in order to meet service needs for both passengers and cargo. To accommodate these…

Overview

Skybound: Rapid expansion of the global industry propels investment efforts
OBG
plus

The aviation sector is experiencing rapid growth worldwide, propelled by booming tourism industries, lower air fares and the push for greater connectivity in an increasingly globalised economy. Middle-class expansion has also spurred growth in air travel, as more people are able to afford flights for holidays or business-related travel. According to Boeing, commercial airlines experienced annual average passenger growth of 6.2% between 2012 and 2017. The manufacturer also estimated that by 2036 an additional 41,000 plane deliveries will need to be fulfilled in order to meet service needs for both passengers and cargo. To accommodate these…

Interview

A change perspective: Garvin Medera, CEO, Caribbean Airlines Limited (CAL), on domestic and regional approaches to boosting air travel
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Interview:Garvin Medera What strategy is being employed to boost air traffic in Trinidad and Tobago, and the region? GARVIN MEDERA: We are looking forward to the ratification of a regional open skies agreement by CARICOM member states. This would effectively allow all airlines based in the community to establish flights within the jurisdiction without the need for additional permits or agreements. CARICOM-based airlines could fly more easily within the community, which would boost regional…