Urban Development Corporation of Trinidad and Tobago (UdeCOTT)
Mr. Riardo O’Brien is the Chief Executive Officer of UDeCOTT.
The Urban Development Corporation of Trinidad and Tobago Limited (UDeCOTT)
is a limited liability private company registered under the
Companies Ordinance (Ch. 13. No. 1). The Company came into being on
December 28, 1994.
The Corporation is a wholly owned State Company, which reports
through the line Minister to the Cabinet, and is managed by a Board
of Directors appointed by Cabinet and a Chief Executive Officer.
The rationale for the establishment of the Corporation was based on
the decision to give greater focus to the city of Port-of-Spain as a
business and financial center; to the regeneration of the city of
San Fernando; and to the development of the 13 major urban centers
identified in the National Physical Development Plan. The strategy
of establishing a specific organization to spearhead this initiative
was consistent with the development of similar bodies in many
countries of the world.
The international experience is that Urban Development Corporations
are accepted devices used in several countries including the UK,
USA, Canada, Jamaica, as economic development tools.
Core Functions
- Develop, redevelop and rehabilitate the physical fabric of
urban and other designated areas of Trinidad and Tobago;
- Revitalize the economic and social life of communities by
the implementation, either directly or as agent or promoter, of
development projects in accordance with environmentally sound
and commercially viable principles;
- Undertake the physical, economic, financial and
environmental planning of projects;
- Mobilize resources to implement projects;
- Collaborate with clients or stakeholders in the planning
design and implementation of projects;
- Identify and formulate projects;
- Procure consultancy services for architectural and
engineering design;
- Procure contractors for infrastructure and building
construction.
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