Thursday 27 March 2014

The city of Commerce- Banker's Lane

Banker's Lane, Port-of-Spain
Photo Courtesy: Gopiechand Boodhan

Port-of-Spain is remarkably known as the centre of everything, and this is quite true! There is a high concentration of various economic activities are clustered in the district, thus attracting a greater quantity of the country’s working population to keep the economy going. This on its own creates the issue of congestion in its own right due to the concentration of buildings, but is also the driving force behind the attraction and by extent the density of people in the city on a daily basis. The importance of this city to the financial sector is apart from being in the depth of trade and commerce, it is also home to two of the largest banks within the Caribbean; Royal Bank of Trinidad and Tobago and Republic Bank, Trinidad and Tobago.

The photo shows the agglomeration of a number of bank headquarters, all of which line both sides of one street, known as “Banker’s Lane”.  The amount of people; customers and workers visiting and working in these service sectors generate mass vehicular traffic as a result of improper roadside parking. Eventhough parking is facilitated by each branch, there simply is not enough space to facilitate the amount of cars, and road side parking is the resultant. This then adds to the congestion of the area and heightens the traffic flow on the roads, slowing the movement to and from. This then goes to say that within Port-of-Spain there is an overflow of economic activities that flood the streets and stimulate an attraction to the city.
Can we then say that Port-of-Spain is an Economic city?

Please view the following youtube video in order to gain a better understanding of what an Economic City is:

Attempts to move away from stagnant motion of benefit obtained from economic activities into other areas are being made, and with this movement, there will now be greater equality and an ease in the congestion of Port-of-Spain. Activities that were once centred on one area will now be accessible to the population throughout the country.

For further information, please read the newspaper article below for further details:



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