Tobago gets $2.7B; Chief secretary "pleased"

The provisions for Tobago included in the Budget for fiscal 2010 are the
following:

• Implementation of the Tourism Rolling Plan
• Designation of the Cove Eco-Industrial and Business Park as "a regional development area", to accelerate the transformation of the Tobago economy and create new and permanent employment opportunities outside the tourism sector
• Allocation of special resources to fund both the administrative infrastructure at Cove, as well as the new activities of the Assembly-owned Tobago Cassava Products Limited and the Fish Processing Company of Tobago Limited
• Expansion of the Tobago Venture Capital Fund to promote private sector investment
• Completion next year of the Scarborough Hospital, the Shaw Park Cultural Complex, the Scarborough Library, the Financial Complex and the Buccoo Goat Race Facility
• Extension of the Store Bay Local Road to Shirvan Road
• Extension of the Claude Noel Highway to Charlotteville on a phased basis
• Commencement of a new first class road from Les Coteaux to Plymouth
• Construction of a five million gallon desalination plant
• Construction of the Sewer Treatment plant which is currently in the design phase
• Completion of the construction of the Indoor Sporting Complex at Bacolet
• Completion of the construction of the Cultural Complex at Shaw Park
• Completion of the upgrade of the Vanguard Hotel
• Completion of Tobago’s new electricity generation plant in collaboration with T&TEC at a cost of $600 million
• Completion of the $1billion natural gas pipeline to Tobago and the $350 million natural gas processing facilities at Cove in collaboration with the National Gas Company (NGC)

Six regions on the island have been designated as development areas because resort development at the sites is already permitted:

• Arnos Vale and Culloden Estate
• Bacolet Estate
• Buccoo and Golden Grove Estate
• Englishman’s Bay
• Lowlands and Diamond Estate
• Mount Irvine and Grafton Estate