Home' Trinidad and Tobago Guardian : February 12th 2015 Contents BG20 REGIONAL
BUSINESS GUARDIAN www.guardian.co.tt FEBRUARY 2015 • WEEK TWO
Provision of Signage Works: Entrance Development of
e TecK Industrial Parks
Evolving TecKnologies and Enterprise Development Company Limited ("e TecK") hereby invites the submission
of Tenders from eligible bidders for the provision of works to enhance the aesthetics of its industrial parks in
Trinidad, inclusive of main entrance and directory listing signage, landscaping,kerbs and roads.
The delivery period will be two (2) months from the date of contract signing.
Bidding will be conducted through the Two Envelope Competitive Bidding process in accordance with
e TecK's procurement guidelines and is open to all suitably quali ed bidders.
Interested eligible bidders may obtain further information from tender documents at the o ce of
The Secretary, Tenders Committee at the following address:
Evolving TecKnologies and Enterprise Development Company Limited (e TecK)
131 Uriah Butler Highway
from 8.00 a.m. to 4.00 p.m. on weekdays, no later than Friday 20th February, 2015 at 4.00 p.m.
A complete set of bidding documents may be purchased by interested bidders upon payment of a
non-refundable fee of One Thousand Trinidad and Tobago Dollars (TTD 1,000.00). The method of payment will
be cash or certi ed cheque. Only bidders who have purchased the bid documents will be eligible to submit
Mandatory site visits are scheduled for Tuesday 24th February 2015, at 10:00 a.m. starting at the Debe
Industrial Park and Wednesday 25th February , 2015 at 10:00 a.m. starting at the O'Meara Industrial
Park. Failure to attend both site visits will render the prospective bidder ineligible to submit a bid for this Tender
Tenders must be depositied into the marked Tender Box at the above address. All bids must be accompanied
by a bid security of Fifty Thousand Trinidad and Tobago Dollars (TTD 50,000.00) or an equivalent amount in a
freely convertible currency. Tenders must be submitted in strict accordance with the Tender Documents.
Tender Closing Date: Tuesday 17th March, 2015 at 2.00 p.m.
Late Tenders will be rejected. e TecK does not bind itself to accept the lowest or any Tender and reserves the
right to negotiate price with any Tenderer.
Evolving TecKnologies and Enterprise Development Company Ltd (e TecK)
131 Uriah Butler Highway, Charlieville, Chaguanas
As soon as Argentine President
Cristina Fernandez de Kirchner
landed in Beijing this week she
began lauding new deals with
what she called the world s "No
1 economy," ranging from two
proposed nuclear power plants to
joint space exploration.
With her country s economy contracting and its
supply of dollars dwindling, Fernandez arrived Monday
looking for help from China, which has already lent
Argentina US$14 billion since 2007. By the end of her
trip Thursday, the two countries had agreed on US$6.8
billion of financing for the construction of two hydro-
electric dams and a railway, according to Chinese state
"Long day, but very fruitful," her Twitter account
read earlier this week. "Argentina confirms its presence
and importance in the No. 1 economy of the world.
The reception couldn t be better."
The trip, and Fernandez s enthusiasm, highlights
China s growing role as a kind of lender of last resort
for Latin America. Beijing has become a frequent des-
tination for the region s presidents, especially populist
ones who have spent freely over the past decade but
are now grappling with a collapse in the prices of oil
and other commodities that their economies produce
While American and European lenders have stayed
away from such risky countries, or demand economic
and political reforms in exchange for loans, the more
than US$100 billion China has lent Latin America
come with fewer human rights or good governance
strings. They do, however, often require countries work
with Chinese companies on housing, rail and other
infrastructure projects, or pay the loans back with
millions of barrels of oil for years to come.
Over the past decade, China has helped sustain
Latin America by buying soybeans, iron ore, oil and
other commodities, in the process lifting millions in
the region into the middle class and helping shield
governments from economic woes elsewhere. Now,
as China s economy slows, and sends commodity
prices to record lows, the Asian giant is moving even
closer to its partner countries, especially in Latin Amer-
ica, by helping to rescue them.
In early January, Ecuadorean President Rafael Correa
left Beijing with US$7.5 billion in new financing, adding
to the US$10 billion China is estimated to have already
lent Ecuador, according to a report by the US-based
think tank, the Inter-American Dialogue. That same
month, Venezuelan President Nicolas Maduro touted
what he said were Chinese pledges to invest another
US$20 billion in his country, a figure analysts said
may include formerly announced deals. China had
already loaned Venezuela US$50 billion since 2007,
the report found.
Cui Shoujun, an international relations professor at
Renmin University in Beijing, said the financial support
is designed to build long-term allies around the world
as China seeks to remake a global order long dominated
by US- and European-based institutions such as the
World Bank and the International Monetary Fund.
"We are not calculating the gains and losses in the
short period but building a long-term relationship,"
Cui said. "It s a kind of partnership, not just Latin
America relying on China and China wanting resources."
Kevin Gallagher, an expert in China-Latin America
relations at Boston University, said that even with cur-
rently low commodity prices, Chinese leaders also
want to secure energy and resources as the country s
economy prepares to overtake the United States as
the world s biggest, possibly by next decade.
"China sees (Latin America) as very strategic because
of natural resources," Gallagher said. "They might not
need it anymore but now they re pushing their firms
around the world and see it as an opportunity
to get market share."
The Chinese money comes as a relief for
Venezuela, Ecuador and Argentina, which
have become financial pariahs by either
defaulting on billions of dollars in loans,
nationalizing the assets of foreign companies
or both. Venezuela and Argentina are also
trying to tame runaway inflation and a col-
lapse in their currencies.The China Devel-
opment Bank charges higher interest rates
than the World Bank, but China also offers
subsidised loans with lower rates, according
to a study co-written by Gallagher.
But even with nearly US$4 trillion in
reserves, China is showing signs that its gen-
erosity has limits.
Although Maduro said before his China
trip that he would "take on new projects"
to rescue Venezuela s economy, he finished
his Chinese tour with only vaguely defined
Despite the world s biggest proven oil
reserves, Venezuela has been hit by social
unrest and a deteriorating economy. Now,
China must figure out whether it can keep
Maduro s government alive just so that it can
pay its bills, said Margaret Myers, director
of the China and Latin America programme
at the Inter-American Dialogue.
China emerges as Latam's
lender of last resort
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