Company Background

UDeCOTT: Developing the Vision…Making it Real

Launched on December 28, 1994, the Urban Development Corporation of Trinidad and Tobago Limited (UDeCOTT) is a limited liability company registered under the Companies Ordinance (Ch. 13 No. 1) and specializes in project management. The Corporation’s line Ministry is the Ministry of Planning, Economic and Social Restructuring and Gender Affairs.

Under the oversight of a Board of Directors, with day to day management by an Executive Chairman and a core of highly trained and experienced professionals, UDeCOTT is charged with bringing the infrastructural aspects of the Government’s Vision 2020 to reality. The rationale for the establishment of UDeCOTT was based on the following:

• The decision to give greater focus to the capital city of Port of Spain as a business and financial centre
• The continued regeneration of the city of San Fernando
• The development of 13 major urban centres including Tobago as identified in the National Physical Development Plan

Roles

UDeCOTT delivers on its mandate by using two approaches:

• Project Manager
• Development Facilitator

UDeCOTT as Project Manager

UDeCOTT can be retained as a Project Manager by Government Ministries to provide project development services beginning with the project conception and ending with delivery of the completed project. In this role, UDeCOTT acts as an agent and provides the following specific services:

• Project identification and formulation
• Feasibility studies
• Planning and environmental studies
• Procuring consulting services for architectural and engineering design
• Procuring contractors for infrastructure and building construction
• Arranging construction management services
• Preparing project budgets
• Assisting with project financing negotiations
• Providing financial management and reporting services.

UDeCOTT as Development Facilitator

UDeCOTT can be retained as Development Facilitator and function essentially as a consultant. UDeCOTT will undertake responsibility for the physical, economic, financial and environmental planning of a project and will mobilize the resources to implement the project. 

UDeCOTT is developing the structures that form part of Vision 2020,
the development plan of the Government of Trinidad and Tobago.