Tobago - Public Sector Investment Programme 2021

As the global community battles the social and economic shocks arising from the COVID-19 pandemic, the national economy has not been spared from the economic fallout. The country has experienced declines in revenue from the depression of petrochemical and manufacturing exports. In addition, the closure of the nation’s borders as a public health safety measure adopted by the Government of Trinidad and Tobago against the pandemic impacted the business sector, especially Tobago’s economy, which is heavily dependent on the tourism industry. The implementation of Tobago’s PSIP in 2020 was also affected by the pandemic, with a deceleration in the execution of some key construction projects.

• acceleration of the implementation of key construction projects such as the new Crown Point Terminal Complex; (Overview written by THA)
• supporting the resurgence of Tobago businesses;
• expanding agricultural activity; and
• boosting local tourism.

Source: Ministry of Planning and Development

Date Published: October 2020