Author: AfraRaymond

Managing Director, Raymond & Pierre Ltd. Past-President, Joint Consultative Council for the Construction Industry, Trinidad and Tobago- December 2010 to November 2015. Past President Institute of Surveyors of Trinidad & Tobago 2009-2010.

Property Matters – State Housing Facts

hdc-logoThis is a continuation of my examination of the National Housing Policy (2002), its implementation and the associated implications.

Over the last year I engaged with HDC’s management who cooperated with me, much like the previous team. I asked about new homes produced by the National Housing Authority (NHA) and the Housing Development Corporation (HDC) in the period January 1st 2003 to December 31st 2015 to establish a) the output of completed homes; b) numbers of new homes distributed; c) the tenures of those homes and finally, d) compliance with the allocation criteria established by the 2002 policy.

Showing Trinidad and Tobago A New Way HomeThe 2002 policy is “Showing Trinidad and Tobago a New Way HOME” and it seems to have met the sorry fate of the 1992 national land policy, in that those important policies have both vanished from official websites. The headline of that Policy was the target of 100,000 new homes in ten years. That target was over-ambitious, given the bottlenecks in our system of planning and construction, even if, at that time, ‘money was no problem’. Continue reading “Property Matters – State Housing Facts” →

AUDIO: Interview on Power 102 FM on Invaders’ Bay Development 15 December 2016

Power 102 FMThis is my interview on the ‘Essential Public Interests at stake in the Invaders’ Bay development‘ Power 102.1FM’s ‘Power Breakfast‘ on Thursday, 15 December 2016 with Rhoda Bharath and Wendell Stephens.

  • Programme Date: 15 December 2016
  • Programme Length: 29:23

AUDIO: “Facing The Issues” interview with Tony Fraser along with Derek Chin on the Invaders’ Bay development.

Power 102 FMThis is my interview with Tony Fraser on Power 102.1FM on Wednesday 7 December 2016 to discuss the Invaders’ Bay development. The MovieTowne principal, Derek Chin, was also in the studio.

  • Programme Date: Wednesday, 7 December 2016
  • Programme Length: 1:37:34

Property Matters – Invaders’ Bay part two

invaders-bay-artist-rendering
UDeCOTT artist’s impression of Invaders’ Bay development

There is a rising tide of confusion at Invaders’ Bay, so it is time to bring some understanding to this situation. The previous column delved into the Appeal Court rulings and the State’s application to appeal to the Privy Council. There is a lot more to be derived from those important rulings, but this week I am restating the case as to why this is a large-scale development of major importance.

Dr. Bhoendradatt Tewarie
Dr. Bhoendradatt Tewarie

In March 2012, Dr Bhoendradatt Tewarie, the then Minister of Planning & Sustainable Development, confirmed that the 70-acres of undeveloped land at Invaders’ Bay was worth $1.28Bn. This would be the largest single development in our capital city in living memory, the only questions being ‘On whose terms?‘ and ‘For whose benefit?‘

In 2012, the PP Cabinet decided to lease two parcels of land at Invaders’ Bay –

  1. Dachin: 10.2 acres for a Commercial/Residential complex, a boutique hotel, a cultural focus area and three (3) main event entertainment areas comprising a Museum, Bowling Alley and Movie Theatres. View video presentation here.
  2. Invader’s Bay Marina Group: Commercial Development on 13 acres for Hotel, Commercial Office Complex, Cruise Ship Complex; Gas Station; Residential Development and Light Industrial Development; a Marina.

Continue reading “Property Matters – Invaders’ Bay part two” →

Property Matters – Invaders’ Bay

invadersbay-bw

On 28 October 2016, the Appeal Court delivered its majority ruling upholding the decision of Justice Frank Seepersad on 14 July 2014 to order publication, under the Freedom of Information Act (FOIA), of the legal opinions on which the Ministry had been relying. The JCC had won its case at both the High Court and the Appeal Court, so I called for immediate publication of the requested information. The JCC made no such call, neither did any of my erstwhile colleagues.

At an Appeal Court hearing on 21 November 2016, the State obtained leave, with the JCC’s consent, to appeal this matter at the Privy Council. Whilst in Opposition, the PNM made repeated complaints against the secretive conduct of the Invaders’ Bay development by the Peoples Partnership. Now in Government, the PNM has elevated secrecy in public affairs to a new prominence.

Since Dr James Armstrong was appointed JCC President in December 2015, that organisation has been silent on the Invaders’ Bay matter. This had previously been of high importance as a major development in our capital city, which was proceeding illegally and improperly. The JCC now seems to have reversed its earlier position of pressing for publication of those vital, suppressed documents. Continue reading “Property Matters – Invaders’ Bay” →

AUDIO: “On Point” on Boom Champions 94.1 FM talking about corruption

94logoI did an excellent radio show with some vibrant young colleagues from TTTI on the morning of Sunday, 13 November 2016 on Boom Champions 94.1FM.  The topic of discusson was “Sweet T&T or corrupt nation?: Revealing the truths on a corrupt state of affairs. Audio courtesy Boom Champions 94.1 FM

  • Programme Date: 13 November 2016
  • Programme Length: 01:30.50

Parts 1-5

AUDIO: Interview on Sky 99.5 FM on the JCC’s Invaders’ Bay law suit

sky995fmThis is a short interview I did with SKY 99.5FM on Tuesday 22nd November 2016 with Jessie-May Ventour and Edison Carr to discuss the Invaders’ Bay developments. Audio courtesy Sky 99.5 FM

  • Programme Date: Tuesday, 22 November 2016
  • Programme Length: 10:51

Property Matters – Examining the PPP

The HDC launched its first housing Public Private Partnership (PPP) on 3 November 2016 at Mahogany Court, a 160-apartment complex at Eastern Main Road, Mount Hope. It is being designed, financed and built, at a cost of $145M, by NH International, led by my erstwhile friend and colleague, Emile Elias, with completion due in December 2018.
nh-hdc-ppp

The PPP approach to public procurement is one in which the private sector assumes the risks and constructs a project with repayment of that investment taking place over a period of time, usually from the State’s recurrent expenditure. This a controversial public procurement method, with the detailed reviews of completed projects being heavily criticised for the fact that the private sector has not actually taken much risk. It seems that these contracts often contain provisions which shield the private sector from serious risks. The introduction of PPP into our public housing program therefore deserves careful scrutiny, if we are to avoid the serious losses experienced in more advanced jurisdictions.

This PPP uses no Public Money, the State’s only investment being the value of the land, which was not mentioned thus far. The approach was outlined at pg 31 of the 2017 budget as being one in which the contractor will provide short-term finance to design and construct new homes, which will then be purchased by approved applicants on the HDC’s waiting-list. Those purchases will be funded by TTMF and the purchase prices will be used to repay the contractor. Continue reading “Property Matters – Examining the PPP” →