Finance Minister Winston Dookeran made the announcement during his budget presentation Wednesday.
He said it is part of a new tourism thrust that will "upgrade our sites and attractions to maximise their potential and attractiveness to both local and foreign visitors."
Sevilla was built in the 19th century as the home of the top executive of the Tate and Lyle sugar company, which owned most of the sugar plantations in Trinidad and Tobago.
When the Williams government bought the company and created Caroni (1975) Limited, Sevilla became one of the administrative offices.
The Human Resources department was located there until the Manning government closed the sugar company.
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