Member of Parliament for St Augustine, Prakash Ramadhar says he appreciates the mature position taken by Minister of Works and Transport, Rohan Sinanan on the construction of the Curepe interchange.
Ramadhar issued the following statement on Tuesday.
"I take this opportunity to thank the Minister of Works and Transport for speaking with me on the matter regarding my constituents and the construction of the Curepe interchange.
I appreciate the mature position he has taken, and following the talks we have decided to return to the negotiating table to address the concerns and valuations on behalf of the residents.
Attorneys will represent the interest of the residents and they are eager to get the process moving.
They are there to ensure there is transparency and alacrity in determining the best way forward.
We are now awaiting written confirmation on that, therefore, at this moment the process is at a standstill.
It is expected that no action be taken against the residents until all negotiations are completed, something which should be done in the shortest possible time.
This matter needs to be sorted out in a way that will allow fairness for all parties involved.
As it relates to the claims of an overvaluation of property, it is unfortunate that all residents are being put into one grouping.
From my standpoint, there are persons who may have put a valuation they consider to be fair to themselves, having regard not just to the current price but the potential earning capacity.
One must remember these are main road properties and highly commercialized in nature.
The residents would not just consider the present price, but possible future earnings.
This piece of construction will undoubtedly be beneficial to the over 300,000 people who traverse that area on a daily basis.
Hence, finding an amicable resolution in the shortest possible time is very important.
I would also like to add; I was happy to have heard the Minister of Works speak of getting rid of corruption in terms of valuations.
I look forward to that moment when the procurement legislation is fully implemented because it would deal with all of these issues."