24 Tobago property owners receive compensation for new Airport terminal

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24 Tobago property owners receive compensation for new Airport terminal

Approval has been granted for the payment of compensation to an additional 24 property owners in Tobago, whose properties are being acquired for the construction of a new Airport Terminal and associated works at the A.N.R Robinson International Airport in Crown Point.

To date, 65 property owners have negotiated and settled with the State at a total cost of approximately one hundred and four million dollars ($104,000,000), according to the Ministry of Finance.

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 14.3 acres of the 53 acres of land required for the construction of the new terminal, including six commercial, 10 residential and five mixed (home business) properties.

The release states, “Once again, 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.