2016 ANNUAL REPORT
25
Operating Investments
INVESTMENT BUDGET EXECUTION AS AT DECEMBER
31
ST
, 2016
DOLLARS
PROJECT
MODIFIED
BUDGET
EXECUTED
BUDGET
PERCENTAGE
OF BUDGET
EXECUTED
Expansion of storage capacity
27,768,048
17,295,002
35.86%
Improvement projects for port
facilities
25,778,131
18,379,002
38.11%
Improvement projects for oil
pipelines and plants
5,613,407
2,753,292
5.71%
Information systems
1,541,504
1,334,021
2.77%
Machinery, operations
equipment and vehicles
9,646,725
8,463,175
17.55%
Total (dollars)
70,347,815
48,224,492
100.00%
Total modified investment
budget
70,347,815
Total percentage of budget
executed
68.55%
Source: Office of Development Management. January 2017.
With regard to operating investments,
the modified budget as at December
31
st
, 2016, amounted to $14.6 million,
$12.7 million of which were executed;
representing a budget execution of
86.9%.
