18
2016 ANNUAL REPORT
Investments and
Development
As at December 31
st
, 2016, the modified
investment budget amounted to $70.34
million, $48.22 million of which were
satisfactorily invested, representing a
budget execution of 68.55%.
Strategic Investments
The investments committed in the
interest of upgrading the storage tanks,
and the infrastructure projects carried
out at the docks, influenced the budget
execution above all other projects
in 2016. As at December 31
st
, 2016,
RECOPE’s modified investment budget
to complete the aforementioned projects
amounted to $55,736,849 million. As
at December 2016, only $35,520,256
million of the above cited budget had
been invested, representing a budget
execution of 63.73%.
