Finance Minister Clm Imbert has announced that the Cabinet has agreed to begin the construction of a new terminal building for the ANR Robinson Airport in Tobago, by the end of this year.
It's expected to cost $500 million, but the acquisition of property is not included in that figure.
He made the announcement at today's post-Cabinet media conference.
While the current terminal building is located at the start of the runway, the new terminal will be located at the end of the runway.
Minister Imbert told the media that a new road will be built to connect Shirvan Road to the Claude Noel highway, to allow for easy access to all.
Work will also be done to ensure that the airport can access wide-bodied aircraft.
The construction will be done via a Build-Own-Lease-Transfer (BOLT) arrangement.
Minister Imbert said the deadline for awarding the contract will be around August 2018 and the construction must begin by the end of 2018.
The new airport terminal is expected to be completed before the end of the year 2019.
"We expect when this is finished, something long overdue in Tobago for many years will become a reality," the minister said.
"So many years, so many governments have spoken about a new terminal for Tobago. Well, this govt is going to do it," he ended.