Home' Trinidad and Tobago Guardian : April 27th 2014 Contents A12
Sunday Guardian www.guardian.co.tt April 27, 2014
32 -- 34 CoffeeStreet, San Fernando, Trinidad W.I.
FAX: 652-5389; Telephone: 653-7377 (PRES)
Tuesday 29th April, 2014 7:00 p.m.
at the PCPSA Room.
Come and support the Past Students
Association and your Alma Mater
A $2.5 million printing press
sitting idle in a University of
T&T s (UTT) warehouse for
seven years will play an integral
role in the setting up of the uni-
versity s first printing institute.
The move to establish The
Printing Institute of UTT is being
headed by Tertiary Education
Minister Fazal Karim, following
a meeting with Public Utilities
Minister Nizam Baksh and UTT
officials on January 15, in Port-
The meeting was held to chart
a new way forward for the print-
Once established, the institute
will assist in the training of stu-
dents and will also print primary
school textbooks for the Ministry
of Education as well as postcards,
brochures, road maps and book
UTT will also work closely
with the Government Printery
to exchange expertise and ideas
in the printing industry.
The Government Printery,
which was established to provide
reliable printing, binding and
related services for the Govern-
ment and the public, falls under
Baksh s purview.
By September of 2014, Karim
said, UTT wants the equipment
to be fully operational at the UTT
John Donaldson Creativity Cam-
pus in Port-of-Spain, which also
offers printing courses.
UTT wants the Printing Insti-
tute to become operational by
March of 2015, Karim said.
Karim said establishing the
institute was necessary since
there was a dearth of skills in the
printing sector from the ground
up.Many of the industry s
employees, including managers,
Karim said, lacked the required
training and certification which
prompted the Printing and Pack-
aging Industry Council in 2010
to call for the establishment of
"This would obviously be a
critical development for the sec-
tor," Karim said.
He said the first step the min-
istry took last May was to offer
six-week workshops and courses
in printing to employees and
employers involved in the print-
ing sector at UTT s Chaguanas
of Caribbean printing'
Karim said the institute would
form part of a Workforce Assess-
ment Centre, where students
taking various courses can be
trained and certified to efficiently
and effectively carry out their
"T&T can become the nucleus
of Caribbean printing..." Karim
Karim said the printing press
which was purchased by the
PNM administration, but left idle
at one of its warehouses, would
now be put to good use.
"This piece of equipment will
be used as a training tool for stu-
dents. It would offer hands-on
training in the classroom," Karim
Although Karim could not say
for what purpose the printing
press had been purchased, he
said they intended to utilise it to
its full capacity.
He said printing of primary
school text books would be
looked at and discussed with
Education Minister Dr Tim
The Ministry of Education,
through its Textbook Rental/Loan
Programme, provides textbooks
to ensure that all students have
easy affordable access to the
learning materials required for
the core curriculum areas.
Karim said the printing press,
which offers two-colour offset
printing, electronic cutting,
stitching, folding, image setting
and graphic art film processing
would be upgraded to deliver new
Karim said many people
involved in the printing business
today were trained at the Gov-
ernment Printery, which was
relocated last year from Port-of-
Spain to Frederick Settlement,
Attorney General Anand Ramlogan revealed on
Friday that state-owned Petrotrin has won its
arbitration against World GTL Inc.
Ramlogan said so in a ministerial statement in
the House of Representatives. He said because
WGTL has indicated it did not have any money, he
now has to do "a means and assets search" to deter-
mine if any money could be recovered by Petrotrin
for the failed project.
Ramlogan said Wednesday s victory clears the
way for the State to proceed with its legal battle
with former Petrotrin chairman Malcolm Jones,
who was at the helm of the company when the
project started in September 2005.
He said he will initiate an investigation "to see
if there was any collusion in this matter."
Telling legislators the matter was indeed a serious
one, Ramlogan also indicated that the "the High
Court action we have filed for breach of fiduciary
duty against former executive president Malcolm
Jones will continue as this victory has cleared the
way for us to proceed full pace ahead."
Ramlogan said the gas-to-liquids project was ini-
tially funded by a US$125 million loan from Credit
Suisse, with cash equity contributions of US$10
million from Petrotrin and the issuance of US$30
million non-voting preference shares.
Ramlogan said the parties agreed that all cost
overruns were to be borne by Petrotrin and World
GTL in proportion to their respective equity interests
of 49 per cent and 51 per cent of WGTL Trinidad.
He said Petrotrin has to date funded all cost over-
runs on the project, totalling US$190.4 million, and
the actual cost for the unfinished plant was US$400
million. The initial cost was US$160 million.
Thanking his legal team, which was led by George
Newman, QC, Ramlogan said the successful arbi-
tration saved this country an estimated $1.8 billion.
The tribunal comprises former English High Court
judge Sir David Steel, Canadian Henri Alvarez and
Australian academic professor Michael Pryles.
The panel dismissed WGTL claims and awarded
legal costs of US$2.576 million for proceedings in
the United States, £763,200 for hearings in the UK
and $40,000 (TT) for hearings in T&T.
Petrotrin was represented by British QC Alan
Newman, New York attorneys Louis Kimmelan and
(This story was blurbed on the front page of the
April 26 edition of the T&T Guardian but was not
published. We regret the error.)
Govt to put $2.5m 'idle'
printing press to use
Govt gets GTL win
...but company broke
Links Archive April 26th 2014 April 28th 2014 Navigation Previous Page Next Page