Brazilian firm wins big contract.
BRAZILIAN FIRM WINS BIG CONTRACT. Brazil's Constructora OAS
has been awarded the construction contract for the San Fernando to Point
Fortin highway, estimated to cost TT$7.2 billion (US$1.14 billion), TT$2
billon more than the original cost, reports the Trinidad Guardian (Jan.
26, 2011). Works & Transport Minister Jack Warner said "Within
the agreement we have stated that the contractor must use a minimum of
40% local labor." He said the project would be done in four phases
over four years. In trying to justify the extra cost on the project,
Warner explained it was not due to cost overruns, but the result of
acquisition costs and fees.