Laying the Foundation for Economic Prosperity
The National Infrastructure Development Company (NIDCO), operational for less than a decade, owes its success to the organization’s ability to meld the nation-building focus of state institutions with the agility and results-driven attitude of the private sector. “NIDCO prides itself on being an engine of development for the government,” NIDCO’s President, Dr. Carson Charles explains. “We are a private company in the public sector, so the issues of transparency and integrity are of critical importance in our operations.” He adds, “We’re completing multi-billion dollar highway projects, on time and within budget, which is something you did not often find in the past.”
Like many of the world’s energy rich economies, Trinidad and Tobago is a country whose government is focused on achieving rapid diversification, and has enlisted NIDCO as a key strategic partner in achieving its objectives. “Infrastructure boosts productive activities in the country and allows us to invest our natural resources in a way that leads to sustainable growth,” NIDCO’s Chairman, Mr. Krishendath Ramoutar, emphasizes. “The private sector can only do their work when the infrastructure is provided.”
With a robust project portfolio that includes some of the largest and most complex infrastructure projects ever undertaken in the country, NIDCO plays an integral role in the evolution of Trinidad & Tobago’s economic landscape. It’s flagship project, the Solomon Hochoy Highway Extension to Point Fortin, at a price tag of 1.67 billion USD, will establish long-overdue linkages between some of the country’s crucial energy centers and surrounding towns, thus allowing local populations to benefit from the strength of Trinidad’s energy value chain.
Due to the far-reaching implications of the work it does, NIDCO places a high degree of importance on ensuring the channels of communication remain open with its stakeholders at both the national and local levels. “Infrastructure has to be addressed at the macro level,” Dr. Charles stresses. “We’re developing infrastructure, but more importantly, we’re changing lives.”