InvesTT adds Ramps Logistics to list of new tenants

InvesTT adds Ramps Logistics to list of new tenants

Global logistics solutions provider Ramps Logistics Ltd. has secured 2 acres of land at e TecK’s Phoenix Park Industrial Estate to establish a warehousing and distribution facility that will support its local and international clients. According to Neil Ramroop, Senior Manager, Planning and Initiatives at Ramps Logistics, “we saw e TecK's Phoenix Park Industrial Estate as an excellent opportunity to expand our business and improve our service to our existing customers.”

Mr Shaun Rampersad, CEO, Ramps Logistics shared that “the proximity of the Industrial Estate to the Port of Point Lisas is particularly attractive” as sea freight services and distribution are required to support their clients who operate in the food and beverage, pharmaceuticals, furniture and appliances and energy sectors. Ramroop added that “The Estate’s IT infrastructure technology including a 5G network, is also a top-selling point” and believes that “the Estate will foster a growing business community to network and gain new business.”

Sekou Alleyne, President, InvesTT stated, “We applaud Ramps Logistics for undertaking this business expansion project at e TecK’s Phoenix Park Industrial Estate. This move to the strategically located Estate will certainly enhance the efficiency of the logistics services that the company provides to their clients and will reduce operational costs.”

The project which is valued at approximately TT$26,000,000 is a significant investment milestone for InvesTT as it pushes the agency closer to its 2022 local direct investment target of $180 million. To date, inclusive of this project, InvesTT has secured approximately $57 million in local direct investments.

With the construction of e TecK’s Phoenix Park Industrial Estate estimated to be completed in May 2022, InvesTT is seeing an uptick in interest from local and international operators in the logistics, manufacturing and ICT sectors. The investment promotion agency continues to provide reliable and timely facilitation to companies seeking to apply for tenancy at the Industrial Estate. Investments into this new modern estate by high-value industry principals will significantly contribute to the economic development of Trinidad and Tobago and supports Government’s diversification thrust in the non-energy sectors.

InvesTT provided one-on-one assistance to help us understand the requirements needed to apply. They informed us of deadlines, lease details, park layout and offered to assist at the development stage of our new business. We continue to appreciate the effort and customer service of the InvesTT Team.
Neil Ramroop, Senior Manager, Planning and Initiatives

To enquire about the tenancy application process at e TecK’s Phoenix Park Industrial Estate, send an email to info@investt.co.tt