Chaguaramas, located on Trinidad's north west peninsula, consists of 14,500 acres of prime real estate. The area is rich in history, ripe for investment and is now targeted for substantial development.
Not for the first time, big development plans have been drawn up for the area which has long been a favourite destination for leisure and recreational activities, with its scenic mountains, coves and nearby islands. Over the years, there have been various plans for the development of the peninsula, including the Chaguaramas Action Plan drawn up in 1968, just a few years after the area had been taken back from United States which was using it as a military base.
There have been various land use policies and strategic development plans, none of which have fully exploited the potential of the area. The consistent thread in all those plans has been the knowledge that Chaguaramas offers unique opportunities for development of tourism, leisure, marine-related industries and agriculture beyond what currently takes place.
To this day, the most developed areas of Chaguaramas remains those that were once occupied by the US naval base–and it was there for just over 20 years. Now there seems to be a flurry of activity in the area. The recently constructed boardwalk and the zipline facilities are the latest leisure attractions drawing crowds to that corner of T&T.
Foreign investment is welcome. From an economic standpoint–for the base was at the heart of thriving local economy–it would be good if the area became synonymous with other activity besides having a facility that helped the Allies wage a successful war, as proud a history as that was. However, all the parties–government and investors–need to address the concerns that would hinder the efficient setting up of businesses that make good use of the potential of the area and help the economic development of Trinidad and Tobago.
There have been questions raised about how the natural environment is protected, or the historical sites located there are preserved. That corner of Trinidad has a notable history. Chaguaramas was to have been the location for the short-lived West Indies Federation and it was where the Treaty of Chaguaramas was signed establishing the Caribbean Community and Common Market (Caricom) in 1973.
In fact, that peninsula has been the scene of countless historic events, from the time of Columbus, through the two World Wars, pre-Independence T&T, and the Caricom treaty. None of this should be forgotten. All that should be seen as opportunities for imaginative development rather than threats to change.
Opportunities to weave what makes the area special into the development plans for the area. The Government and its private sector partners must do a better job of articulating their plans for the area. They should start by clearly explaining their plans for the use of Chaguaramas Resort and Convention Centre, the actual birthplace of Caricom.
More specifically, the onus is on the Chaguaramas Development Authority (CDA), the state agency responsible for development of the area, to articulate an eco-friendly and economically sustainable development model. It must be bold in explaining the economic benefits, and forthright in its guarantees that the necessary business investment would not come at the expense of what makes the area special.
With attractive incentives being offered, including tax holidays and duty concessions, the CDA will probably have no difficulty attracting investors, particularly for tourism and recreational projects. In fact, among the projects which have been in the pipeline for years is a Disney-style theme park complete with rides, a water park and other attractions, with the adjacent lands expected to be developed for a range of sporting activities.
The plan seems to be to attract large scale tourism, which can make a contribution to the country's GDP.The message must be transmitted to the CDA's foreign and local business partners too that Trinidad and Tobago is open for business, but the country will make sure that all due care and diligence are taken with our historical legacy and environmental legacy.
As they invite investors to bid for and take part in joint ventures or lease arrangements, the directors of the CDA must demonstrate at all times that there is transparency, full accountability, and that sound business practices and ethics are observed.
