• Transport

    OBG examines all aspects of local transport infrastructure, including sea, air and land. Our analysis within the transport sector reviews the major projects under way and planned, such as airport expansions, port plans, public transit systems, road construction and rail networks.
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Following five years of planning and investment, 2016 saw significant progress towards the government’s goal of having 17,500 vehicles fuelled by compressed natural gas (CNG) on the roads by the end of 2018. Motors running on CNG are cheaper to run, produce less harmful emissions, and free up more of Trinidad and Tobago’s diesel and gasoline...

 

Trinidad and Tobago has a long history as a transport hub. On his first trip to the region in 1595, British explorer Walter Raleigh considered the Gulf of Paria, away from the hurricane belt to the north, to be a suitable port. He found the ideal source of asphalt for caulking his ships in Pitch Lake and could use the naturally sheltered...

Chapter | Transport from The Report: Trinidad & Tobago 2017

In recent years Trinidad and Tobago’s transport sector has faced significant competition and challenges, and with government coffers squeezed by the drop in global oil prices, major infrastructure updates and the proposed creation of a multi-modal public transit system have been put on hold. In the 2016/17 budget the Ministry of Works and Transport received TT$2.09bn ($312m) in funding, far...

After facing headwinds such as depressed international energy prices, and rising debt and fiscal imbalances, Trinidad and Tobago’s economic recession appears to be turning a corner, with GDP growth projected to climb to 0.3% in 2017 and 3.4% in 2018. As one of the largest and most diversified economies in the English-speaking Caribbean, the country is beginning to benefit from the new administration’s process of fiscal adjustment and economic diversification, spurred on by an ambitious public works pipeline.

Plans to expand Abu Dhabi’s ports network are moving ahead as local cargo traffic holds steady despite the slowdown in global shipping volumes over the past year.

With a rapidly expanding economy, the capacity for growth in both domestic and international trade is increasing Vietnam’s appeal to foreign operators in the logistics sector.