Another major tourism project is set for Tobago, as Government has decided to go ahead with plans to develop a marina at Canoe Bay through a Design-Build and Finance (DBF) arrangement.
This was revealed yesterday by Minister of National Security and Communication Stuart Young at yesterday’s post-Cabinet media briefing at the Magdalena Grande Resort in Tobago.
He said Cabinet took a decision, following consultation with Tobago House of Assembly Chief Secretary Kelvin Charles yesterday, to go ahead with a proposal to build a marina. Young said one company was successful in securing the bid after the National Infrastructure Development Company Limited (NIDCO) invited proposals for the project.
“NIDCO received two proposals... and Cabinet approved an evaluation committee chaired by Mr George Bovell III ... and David Wong and Louis Leslie from Tobago.”
He said Jan De Nul, a Belgium Company, won the bid after scoring 82 per cent on the weighted score, while the Tobago company Marine Resorts scored 41.75 per cent. The company was awarded the contract for the dredging and reclamation of the second Palm Island in Dubai in 2002.
Asked whether Government can afford to engage in another large-scale project, as it was already set to spend billions on the Sandals hotel development, Stuart stressed that in a DBF arrangement the private sector finances the project.
“What we foresee, there is some sort of lease arrangement or it may very well be a PPP (public-private partnership) where they (the private company) will run the marina.”
However, he did not rule out the THA owning and operating the facility. “They (the THA) may very well say they want to own it under the Tourism Development Act,” Young said.