Developing Trinidad & Tobago’s Five Growth Poles Ministerial Committee Meeting January 8 th 2013.

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Presentation transcript:

Developing Trinidad & Tobago’s Five Growth Poles Ministerial Committee Meeting January 8 th 2013

Agenda Reminder of the 5 GP’s Key Activities by GP How the activities link to the Diversification Strategy

Energy Food Sustainability Culture & Creative Maritime Tourism Financial Services ICT THE FIVE GROWTH POLES North Coast North East Tobago East POS Central South West Peninsula INDUSTRY CLUSTERS FOR DIVERSIFICATION

EPOS Activities for Number of Projects Total Costs (TT$) Links to the Diversification Strategy Recreational Facilities - Construction of Pavilions - Reinstate Playing Fields - Drains /Paving/Roads 49.0m * Urban Regeneration * Community Development * Job Creation * Development of the Culture & Creative Industries Cluster * Development of the Tourism Industry Cluster * Food Sustainability (urban farms & aquaculture) Social & Economic - Mobile Hotspots - Waste Management - Refurbish Youth facility 34.4m Infrastructure - Drains - Roadways - Steps, Walkways, Foot Bridge 47.7m Improvements to Laventille Rd15.5m Community Open Spaces - for recreation - Streetscape - Designs for East Dry River Park - Revitalise Central Market 44.4m 1631m

Central Activities for Number of Projects Estimated Investment Links to the Diversification Strategy Energy - Solar Industrial Park – Feasibility Study 1 US$2b over years * Area of sizable industrial development (medium and large investments) * New technologies * Human capital development * Job creation * Developing export potential Food Sustainability - 9 Large Farms ( acres) - producing staples, rice, livestock, vegetables and fruits - development of food processing facilities - Aquaculture (assess potential) 3 Financial Services - Scotia Bank BPO 1TT$100m Maritime - Port rationalisation study - Potential expansion of PL 1TT$500k Cluster Mapping Pilot - Situational analysis - Cluster level analysis & in-depth cluster research - Cluster mapping report for the GP 1TT$100k

Why Cluster Mapping? Diagnostic tool – Identify and analyze emerging and existing clusters Assess – Economic performance – Business linkages Analyze – competitive strengths and weaknesses

Output of Cluster Mapping 10 Clusters identified with location Number of stakeholders Description of value chain and/or cluster network Spatial map Best practice case Key demand and supply issues for the cluster Recommendations moving forward

CLUSTERS INDENTIFIED IN CENTRAL GROWTH POLE

South West Peninsula Activities for Number of Projects Estimated Investment Links to the Diversification Strategy Energy - Mitsubishi Downstream Petrochemicals *Phase 1 (DME) *Phase 2(MEG +++) 1 US$800m US$1.7b* Area of sizable industrial development (medium and large investments) * New technologies * Human capital development * Job creation * Developing export potential Food Sustainability - 5 Large Farms ( acres) - producing staples, rice, livestock, vegetables and fruits - development of food processing facilities (inc. milk at Chatham) - Aquaculture (assess potential) 3 Maritime - Port rationalisation study (same as reported under Central - Potential New Port - Mega Dry Dock and supporting infrastructure (hotels, leisure facilities etc.) 3 Cluster Mapping Study1TT$100k

North Coast Activities for Number of Projects Estimated Investment Links to the Diversification Strategy Maritime Project Five Zero Developing /Upgrading fish landing and processing facilities - Toco - Matelot - Blanchicuesse - Las Cuevas - Maracas 5TT$20-30m * Development of the Food Sustainability Cluster * Development support to small local industries * Community Development * Job Creation North East Tobago