Petrotrin President Fitzroy Harewood admits that the state-owned company is too reactive when it comes to safety saying it would cost approximately $16 billion over the next four years to repair Petrotrin’s aging infrastructure.
He also revealed that two of the seven tanks that were deemed high risk, are currently being repaired.
Speaking at a luncheon hosted by the Energy Chamber of T&T held at Cara Suites hotel in Claxton Bay yesterday, Harewood said Petrotrin planned to implement a company-wide asset integrity programme which may cost Petrotrin billions of dollars.
After several stalled attempts, the Maracas Beach Redesign and Restoration Project has been again launched, this time to be completed at a cost of $60 million and within three to four months.
While president of the Maracas Bay Vendors Association Festus Imasekha welcomed the news, he complained that some vendors were not consulted.
Works Minister Rohan Sinanan said the project has been broken into three packages — roadworks, construction of the huts and the water treatment plant.