Public Private Partnerships of Trinidad and Tobago
The expansion of the energy sector has created a dual economy whereby the energy sector provides increased financial support for the government and, by extension, the rest of the economy, but the non-energy sector has had little opportunity to grow. The Compete Caribbean Private Sector Assessment Report suggests that to rectify this it is important for Trinidad and Tobago to continue to attract private-sector investment for the energy sector and beyond. In August 2011 the Investments Division of the Ministry of Finance and the Economy established a PPP Unit as part of an initiative to promote public–private partnerships for infrastructure in Trinidad and Tobago. The National PPP Policy was approved in May 2012. A framework for the development and implementation of projects was developed with a PPP Ministerial Committee established to oversee such projects.
The Trinidad and Tobago Housing Development Corporation (HDC) is an Agency of the Ministry of Housing, Land and Marine Affairs and was created by Act No. 24 of 2005. The functions of the HDC include the stimulation of private sector activities in home construction.