Home' Trinidad and Tobago Guardian : November 2nd 2014 Contents A14
Sunday Guardian www.guardian.co.tt November 2, 2014
TTPost Presentation at Post Expo 2014 Innovation Conference
in Stockholm, Sweden
The Post Expo 2014 Innovation Conference was held in Stockholm during the period September
23 - September 25, 2014. Dr. Franklin Ali, in his capacity as Chairman of the Board of Directors of the
Trinidad & Tobago Postal Corporation (TTPost), delivered a presentation on the Universal Postal
Service, with particular emphasis on its relevance and commercial applicability in the 21st. .
Over 2,500 attendees from 73 countries, including Russia, Korea, Austria, USA, Belgium, UK, Uruguay,
Poland and Finland attended the Post-Expo 2014, making it the most successful event in the postal
The Post-Expo Innovation Conference provided numerous opportunities to hear about the latest indus-
try trends and technology innovations happening around the world. Presenters and speakers, with
demonstrated competence in their respective fields, were drawn from around the globe.
In addition to the Post Expo Innovation Conference, exhibitors from around the world showcased their
very latest products throughout the three-day event, ensuring visitors to the event were treated to the
best of what this innovative industry has to offer. The Post-Expo theme was about innovation and tech-
Attendance at the Post Expo 2014 Innovation Conference positively profiled TTPost and Trinidad &
Tobago and also allowed exposure to the latest digital solutions that can assist TTPost in expanding its
array of electronic and financial services, as it repositions to meet the needs of its postal customers.
The Ministry of Planning and Sustainable
Development has responded to Joint Consultative
Council (JCC) President Afra Raymond s ques-
tions on the development of Invaders Bay.
The formal response of the Ministry s Perma-
nent Secretary Arlene Mc Comie was released
Regarding Raymond s query on the legal costs
for Invaders Bay, Mc Comie said, "Please note
that your queries on legal costs are not in relation
to matters that fall under the purview of the Min-
istry, as the Ministry does not engage the persons
who provide the legal advice or conduct the legal
"You may wish to direct this question to the
Office of the Attorney General."
As to how many of the original ten proposers
were successful in the selection process handled
by the MPSD, she said, "Following the issuance
for RFP s three entities were short listed; M Falcon,
Dachin, and Invaders Bay Marina Group."
"Dachin and Invader s Bay Marina Group were
the successful entities."
Mc Comie said this was based on a due diligence
exercise conducted by Price WaterHouse Cooper
on the basis of which the Cabinet appointed inter-
disciplinary committee recommended that nego-
tiations be initiated with two of the three.
On what was the nature and size/scope of the
proposals made by those entities, she said Dachin
and Invader s Bay Marina Group-Commercial
Mc Comie said Dachin was a commercial/res-
idential complex, a boutique hotel, a cultural focus
area and three main event entertainment areas
comprising a museum, bowling alley and movie
She said Invader s Bay Marina Group-Com-
mercial Development comprised a hotel, com-
mercial office complex, cruise ship complex, gas
station, residential development and light indus-
trial development, and a marina.
Mc Comie said the intended land area to be
allocated to Dachin was 10.2 acres and 13 acres
for Invaders Bay Marina Group.
Responding to what were the intended lease
terms in respect of length of term, renewal options,
rents, rent reviews, permitted uses and alienation,
she said generally commercial leases of this nature
were for 30 years, renewable, permitted uses were
defined and based on legitimate valuations linked
to market rates. Mc Comie said that the same
held for 99-year leases in respect of residential,
and leases will be linked to land use as appropriate,
commercial or residential.
She said no leases or agreements for leases been
Mc Comie said Memoranda of Understanding,
Memoranda of Agreement or agreements towards
those had been entered into.
She said Memoranda of Understanding (MOUs)
were signed between the Ministry, Dachin and
Invader s Bay Marina Group. Mc Comie said these
MOUs will form the basis on which lease agree-
ments were to be executed and will become public
on registration of said leases.
Responding to the questions whether any con-
cession, for example in terms of maritime rights
or tax obligations, had been entered into and had
any terms been agreed for any such concessions,
she replied that investments generally enjoyed
concessions established by law in T&T and some
were specific to industries such as tourism.
Mc Comie said, however, no new or additional
concessions of any kind had been negotiated.
She said Planning Minister Dr Bhoe Tewarie
disclosed in his letter of March 1, 2012, that the
Invader s Bay lands had been valued at $1.28 bil-
Mc Comie said on whether there had been any
other valuation, appraisal, assessment, estimate
or study carried out as to the value of those lands
developed or undeveloped, that valuations
on the proposed areas of development
were provided by the Valuation Division,
Ministry of Finance and the Economy,
valuators engaged by the proposed devel-
opers and BCQS International (retained
by PwC) in their consulting/negotiating
capacity with the ministry.
She said the valuation provided by
BCQS was the valuation proposed for
Mc Comie said valuation of land to be
leased to IBMG was $247,084,710 and to
She said the valuations used during
negotiations with IBMG and Dachin will
form the basis for future negotiations
pertaining to development of the unal-
located portions of lands at Invader s
On whether any Environmental Impact
Assessment (EIA) been commenced or
completed of the proposed development
of these lands, Mc Comie said Udecott
was mandated by Cabinet to carry out
all infrastructure works at Invader s Bay
and as such was responsible for obtaining
She said Udecott was mandated by
Cabinet to carry out all infrastructure
works at Invader s Bay and as such was
responsible for obtaining a Certificate of
Environment Clearance (CEC).
Mc Comie said no planning permission,
outline or full had been granted for the
development of these lands. She said
submission of a planning application
prior to the execution of a lease would
be premature and as such, Town and
Country was not now in receipt of any
applications pertaining to the lands at
Ministry responds to JCC on Invaders Bay
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