An explosive internal report at the Telecommunications Services of T&T (TSTT) has detailed and raised questions about an over $500 million deal gone sour.
News of this deal comes against the backdrop of the dismissal of more than 500 workers over the past month, with high operational overheads being given as the reason behind the move.
Guardian Media has found that the mismanagement of a US$84.1 million deal with CT Miami was raised because it allegedly breached several of the company’s corporate policies.
Central MP and former planning minister in the People's Partnership government Dr Bhoe Tewarie says what has happened to the Sandals project is unfortunate for Tobago and for the tourism sector in T&T.
However, he has put the blame at the feet of the government.
"Dr Rowley and his obstinate, belligerent ministers are directly responsible for this failure. From the very beginning, no one in the Government would explain the project properly. The story changed as they moved from one explanation to another as if no citizen would remember what they said before," he said.
Cara Hotels has leased the 53-room hotel attached to the National Academy of the Performing Arts (Napa).
According to a December 2018 Cabinet note about the deal, the company will pay some $390,000 per year to lease the Napa Hotel, payable in quarterly tranches.
The first payment is not expected until 2021.
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Petrotrin says that it has transferred $50 million to commercial banks to fulfill its commitment to pay all former non-permanent workers outstanding backpay for the period 2011 to 2018.
Some 2069 individuals will benefit from the payout.
A statement by Petrotrin says that a team from PricewaterhouseCoopers (PWC) worked diligently during the past several weeks to ensure the company met its commitment to pay workers by January 15.
Petrotrin ceased operations on November 30, 2018, but the process for determining the amounts owed to each worker required detailed work.