APPROXIMATELY $183 million have already been spent by the Government to purchase land in Tobago for the construction of the new airport terminal and associated works at the ANR Robinson International Airport in Crown Point.
The Ministry of Finance in a press release on Thursday stated that an additional 12 property owners were granted compensation.
The ministry 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.
