Government is moving towards monetising over one hundred of Trinidad and Tobago’s under-utilised assets.
According to Chief Executive Officer of Global Trinidad and Tobago, Sekou Alleyne, this latest strategy for national development is well underway.
Speaking to members of the business community at the Private Sector Organisation of Trinidad and Tobago consultation in Port of Spain on Thursday, he indicated that the strategy to monetise this country’s underutilised assets was developed by the Ministry of Trade, Investment and Tourism and is in progress.
“Across Trinidad and Tobago there are significant State and legacy assets that currently represent unrealised economic potential. Rather than allowing these assets to remain unrealised or underutilised, the Ministry is actively positioning them, repositioning them as investment opportunities that can generate jobs, economic activity and private sector participation.”
Ten out of over one hundred projects have been prioritised, including the NAPA Hotel, River Estate Museum, Beetham Waste Water facility, Piccadilly Street car park, and Fort San Andres Museum.
“To support this, the process of rejuvenation has started. Cabinet approval was received in October of 2025 to rejuvenate these assets through a phased approach. Arising from this, an inter-ministerial committee was established to develop a registry of assets, in the first instance, and then to commence the rejuvenation of these identified assets. So far, over 130 assets have been identified.”
Mr Alleyne also noted that vacant lands, unused buildings and obsolete machinery and equipment are other assets falling under this initiative.
“The Ministry has estimated that when these assets are rejuvenated, they can create billions in investment and generate annual revenues of approximately TT$1 billion. As well as, of course, employment opportunities for citizens.”
The consultation for business owners is part of a series hosted by the Private Sector Organisation of Trinidad and Tobago, themed ‘On the Road to Transformation’.