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Regulated Industries Comission
This Multilateral Investment Fund (MIF) technical cooperation aims to increase the efficiency and effectiveness of the utilities sector by helping the Government of the Republic of Trinidad and Tobago establish the appropriate legal, regulatory, and institutional framework to render the Regulated Industrial Commission (RIC) a fully operational regulatory agency. The four components are: Institutional development of the RIC; Training for approximately 18 professionals of the local RIC staff; developing the legal and regulatory framework for the water and sanitation sector; and developing new policy and the legal and regulatory framework for the electricity sector. The first component funds the definition and implementation of the organizational structure and operational procedures for the RIC, as well as the provision of on-the-job training to the assistant executive directors. Upon completion of an 18-month training period, one of the assistant executive directors will be appointed as the new executive director of the RIC. The second component funds the training of 18 local, professional RIC staff people for two weeks in the theory and practice of modern, incentive-compatible utility regulation, including: the role of the regulator, the relationship between regulation and competition, incentive-based regulatory systems, regulation of service standards, and monitoring and enforcement. The third component funds RIC regulation of private participation in the water and sewerage sector.

Project Detail

Country

Trinidad and Tobago

Project Number

TC9711393

Approval Date

July 7, 1999

Project Status

Closed

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

REFORM AND PUBLIC SECTOR SUPPORT

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 1,966,000.00

Country Counterpart Financing

USD 1,066,000.00

Original Amount Approved

USD 900,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/MT-6575-TT Non-Sovereign Guaranteed USD - United States Dollar Technical Cooperation Facility Nonreimbursable
Operation Number ATN/MT-6575-TT
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Technical Cooperation Facility
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2117051952-9637
Donors Memorandum
Regulated Industries Commission [464062].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-2117051952-9638
Donors Memorandum
Comisión de industrias reglamentadas [464063].PDF
Dec. 31, 1999
Spanish

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