Tobago Love n.
Trinidad & Tobago
1. The act of beating one’s partner to prove one’s love…from TriniMummy.com [Via http://www.skettel.com/ an online Caribbean dictionary.]
This article uses the threads I have been exploring in relation to the two large-scale Public Private Partnerships (PPPs) in Tobago to discuss the risks which are likely to arise quite soon in that arena.
The case will be made in three parts – the existing two PPPs, with a note on the Tobago Sandals MoU fiasco; the emerging arrangements for new PPPs in Tobago and the perils arising from the failure or refusal to examine the failed PPPs.
Tobago’s PPPs
Magdalena Grand (formerly Tobago Hilton)

This 198-room hotel was built in 2000 on the Tobago Plantations estate by Vanguard Holdings, which comprised Guardian Holdings, Angostura Ltd and the T&T State via e Teck, with Hilton International having a minor shareholding. The project was financed with a $16.75M USD bond from Citicorp and was soon in difficulty, as in 2008 the State had to bail-out the private shareholders and commit large sums of Public Money to repair the buildings, which were by then badly-damaged by sea-blast.
Continue reading “Property Matters – Tobago Love”