Public Sector Investment Programme 2022

Consistent with the impact of the COVID-19 pandemic on economies throughout the world, Trinidad and Tobago’s economy has been significantly affected. Coupled with a fall in major energy commodity prices and a steep fall in global demand, our exports for manufactured goods and energy products considerably decreased. The recovery process involves transforming the economy from one that is energy dependent into one that generates revenue and foreign exchange from a broader range of sectors and a wider portfolio of products.

The 2021 PSIP was hampered by the ongoing health effects of the COVID-19 global pandemic. Disruptions in the global supply chain and foreign consultants who could no longer execute as a result of travel restrictions impacted project implementation. Domestically mitigation measures to stop the spread of the COVID-19 virus resulted in a cessation of business and commercial activities as well as the construction sector. As a result, infrastructure projects in the 2021 PSIP were affected by those measures instituted by the Government.

Source: Ministry of Planning and Development

Date Published: October 2021