Introduction

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Since 2010, our Shipbuilding and Repair Development Company of Trinidad and Tobago Limited (SRDC) has lobbied and hosted nine (9) project consultations and site visits to our  existing stakeholder shipyards for the benefit of community residents of La Brea and environs.

The  various communities which comprise a number of small coastal villages have jointly come together and incorporated the La Brea General Council - (LGC) which has representatives from each of the various village  councils and community groups on-board.

To date we have managed to successfully gain the endorsement of the LGC and many organizations (local and foreign)  that support this viable initiative which will help to i) Urgently diversify our economy; ii) earn valuable Foreign Exchange (FOREX) and iii) Utilize local products and services in the project construction and in the operational phases.

Overall,  our stakeholders will benefit from this undertaking, as the USD500 Million Shipyard Port project will also have a high level of Local Content. The agreed Local Content amount is 40% of the project cost for Phase One.