N Touch
Friday 15 February 2019
follow us
Tobago

Private sector $$ needed for Tobago Sandals resort

Guardian Life, Massy interested

Prime Minister Dr Keith Rowley.
Prime Minister Dr Keith Rowley.

KAREECE NELSON, Tobago Bureau

Prime Minister Dr Keith Rowley revealed on Sunday that Government is seeking private-sector investment to help build the Sandals resort in Tobago and that so far, Guardian Life and Massy Holdings have expressed an interest.

Rowley said Ansa McAl was also approached but turned down the offer.

He bashed the Opposition for its lack of support for the Sandals project and for its continued speculation, using the word “woodworm” to describe what he said was an undermining of the project.

Speaking at the PNM Tobago Council’s annual convention at the conference room of the THA’s Division of Infrastructure in Shaw Park, Rowley said Government will build the resort in Tobago and Sandals will manage it.

“This is nothing new to us. This has been happening in Trinidad a long time now. We built a Hilton in Trinidad: government-owned, Hilton managing it. You see a problem? Later on, we built a Hyatt on the waterfront; Hyatt is managing it.

“So, if we build one in Tobago on the scale, when we are talking about expanding tourism in Tobago, what is wrong with that? As we say, that it is a business model. It is mainly government business,” he said

“We have gone out to the private sector and we are talking to Sandals.

We said we have an idea/project in Tobago for the expanding of the tourism – that is, the diversification that Tobago can bring to our economy. Government is backing it 100 per cent. You, the private sector, you have money parked up somewhere, and you have an idea of business, we will open some equity to you.

“It would be you, the taxpayers and two private-sector entities. I don’t know if they will take five, ten per cent – we don’t know, as we get there we will determine – but the important thing is, it will be mainly Government.”

He then hit out at those against the Sandals project, asking: “Why are they focusing on Tobago to try to kill this? You know why? Because they are basically unpatriotic and believe it have enough stupid Tobagonians to hold common and block it.”

“They genuinely believe that, but of course, the same people, when there is an election in Tobago, they would not put up a candidate in Tobago. Undermine from below. Woodworm!

“We in the PNM, we are a party with a sense of purpose and we are here for development of the people of Trinidad and Tobago,” he declared.

Today's Most Popular
Comments

Reply to "Private sector $$ needed for Tobago Sandals resort"

Tobago