The government of Trinidad and Tobago has unveiled an ambitious Revitalization Blueprint, aiming to transform the nation into a first-world country within a decade. The plan, announced on November 7, includes over 129 construction projects focused on key areas such as the Port of Spain and San Fernando waterfronts, Invaders Bay, Queen’s Park Savannah, and major expansions to the Port of Spain Port. The initiative promises to create more than 50,000 jobs and establish TT as a regional leader in excellence. However, the feasibility, investment, and timeline of these projects remain critical challenges. Business leaders have expressed cautious optimism, emphasizing the need for private sector engagement and foreign direct investment. Vivek Charran, President of the Confederation of Regional Business Owners, highlighted potential low-hanging fruit projects like the decommissioning of Carrera Island and road construction from San Fernando to Mayaro. He also noted the potential for high-rise residential buildings in Port of Spain and San Fernando, which could boost tourism and local economies. MovieTowne CEO Derek Chin emphasized the importance of sustainable tourism and the need for projects to make financial sense, warning against ‘white elephants’ like the National Academy for Performing Arts. While the plan has garnered significant endorsements, its success will depend on the government’s ability to attract investment and address past shortcomings.
Realities of revitalisation: Business leaders on way forward with economic blueprint
