Compensation approved for 12 more property owners in Tobago in relation to new Airport Terminal

Compensation approved for 12 more property owners in Tobago in relation to new Airport Terminal

The Ministry of Finance has revealed that approval has been granted for the payment of compensation to an additional twelve (12) property owners in Tobago, whose properties are being acquired for the construction of a new Airport Terminal and associated Works at the ANR Robinson International Airport in Crown Point.

In a press release on Thursday the ministry also stated that to date 115 property owners negotiated and settled with the State.

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 30.33 acres of the 53 acres of land required for the construction of the new terminal, including nine commercial, 30 residential, six mixed (home/business), one agricultural and 69 land only properties, the ministry stated.

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.

The ministry is encouraging property owners who are yet to commence the negotiation and settlement process to contact ACQ and Associates at (868) 723-7475/342-8086 to make appointments for negotiation meetings.

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