Trade and Industry Minister Paula Gopee-Scoon says she welcomes businessman's Derek Chin's $1 billion Invader's Bay Development Project, Streets of the World, and Government is willing to meet with him about the long-delayed project.
The project, to be developed by Chin's company, Dachin Enterprises, has been criticised by president of the Joint Consultative Council (JCC) Afra Raymond who claims it is in breach of Central Tenders Board regulations. He said the Request for Proposals (RFP) process used in August 2011 by the Ministry of Planning and Sustainable Development was improper and voidable since the assessment rules were published one month after the closing date.
In response to the JCC's concern, then Planning Minister Dr Bhoe Tewarie had repeatedly claimed that the legal advice was that the ministry was in conformity with the law.
Gopee-Scoon told the T&T Guardian that because of what was said about the project over the years, the current administration will have to do a detailed review and analysis.
"This needs to be done to ensure that it is workable and meets with all requirements but we are very open to discussions with Mr Chin on this. We will have an audience with him as a potential private investor. We, the government, particularly support the private sector," she said.
Contacted yesterday for comment, Chin said he was grateful for a fair hearing from the government and will make contact with Gopee-Scoon upon his return from a business trip to Asia.
Chin said the Streets of the World project will consist of 22 acres of ultimate destination, appealing to the entire Caribbean. Officials of Disney and Hettema Group, who specialise in uniquely creative designs for theme parks, museums and cultural attractions, have already visited T&T and held extensive discussions with Chin on the project.
The only obstacle in the way for Chin is the signing of the papers to acquire ten acres of land allotted to Dachin Enterprises so that construction can begin.
"Disney and Hettema are now waiting on me to get possession of the land. When that happens, I will start to bring in the investors. I have a lot of people on the side that are interested in this project, including Coca Cola and M&M, who will both put up stores," Chin said.
One of the main attractions will be the Main Street, a re-creation of Frederick Street, downtown Port-of-Spain, in the 1930s complete with a tram car. Chin explained that the streets will reflect the rich culture of Trinidad and there will be a Madame Tussaud's Wax Museum highlighting T&T's Carnival and its history, the history of the steelpan and calypso.
Steelpan icon Ray Holman said he believes it will be a wonderful and desirable project in T&T.
"It would certainly lift the image of T&T and it would make people feel good. I would welcome it because it sounds interesting and it will add to the city and environs. Recapturing the past is always good, just as they did it in the United States, with the village called Williamsburg, where they re-created houses from centuries ago," he said.
"We need to preserve our rich history and culture here in T&T and if Chin is going to do this it would enhance the quality of life. There are some concerns though, with everything there are pros and cons and all these are pros, so what could be the cons? But, when Movie Towne was being constructed at Invader's Bay there were pros and cons also and a lot of concerns but we have seen it as one of the most successful businesses in the city, so I guess we will have to see what happens to Mr Chin's project," he said.
T&T's culture in spotlight
There are also plans for a live entertainment theatre on the site. Also, different streets highlighting the different cultures of all the people that came to T&T and settled including the Indians, Chinese, Africans, Europeans and Syrians.
The development would also incorporate an aquarium featuring the leatherback turtles, fishes of the Caribbean and a coral reef.
There will also be a Ferris wheel and a MovieTowne Eye, which is similar to the Orlando Eye.