The State has approved payment to twelve property owners in Tobago for the acquisition of land for the construction of a new Airport Terminal and associated Works at the A.N.R Robinson International Airport in Crown Point.
In a press release issued this afternoon the Minister of Finance Colm Imbert in conjunction with the Chief Secretary of the Tobago House of Assembly, Ancil Dennis said to date, forty-one property owners have negotiated and settled with the State at a total cost of approximately $58,000,000.00.
The National Infrastructure Development Company Limited (NIDCO), on behalf of the State, is continuing to issue payments of compensation through its Land Acquisition Consultant, ACQ & Associates to the respective property owners.
These compensations now represent 8.7 acres of the 53 acres of land required for the construction of the new terminal, including two commercial, nine residential and three mixed (home business) properties.
Property owners who have settled with the State will be contacted by ACQ and Associates for the execution of legal indemnity agreements and collection of payments.
The State will enter and take possession of settled empty lands as soon as compensation is paid. Property owners who are yet to commence the negotiation and settlement process are encouraged to contact ACQ and Associates at (868) 723-7475 / 342-8086 to make appointments for negotiation meetings.