Strategic Feasibility Study and Investment Decision Support for the Special Purpose Park for Carnival and Festivals

The Inter-American Development Bank invites consulting firms to submit their Expression of Interest to conduct a comprehensive feasibility study of the Specialized Park for Carnival and Festivals in Trinidad and Tobago, with the aim of evaluating its potential as a permanent infrastructure to boost tourism, creative industries and economic activity throughout the year.

The consultancy includes the following activities:

1. Market and demand analysis: Evaluate the tourism, cultural and commercial potential of the park, identifying users, business opportunities and services associated with festivals, events and creative activities.

2. Evaluation of locations and technical feasibility: Analyze possible sites, availability of land, infrastructure, accessibility and legal and institutional requirements.

3. Environmental and social assessment: Identify environmental, social and climate risks, as well as opportunities for sustainability, accessibility and inclusion.

4. Management models and financial viability: Evaluate alternatives for public, private or public-private partnership (PPP) operations, including sources of income, investment and operating costs, financial scenarios and economic benefits.

5. Investment and implementation plan: Recommend the most appropriate concept, location and operating model, identifying risks, execution phases and additional studies needed.

Expected outputs: Five deliverables, including market reports, technical, institutional and financial feasibility, and a final study with recommendations for the investment decision.

Interested companies should carefully review the registration requirements on the relevant IDB portal and ensure that all requested information is completed before submitting their Statement of Interest (EOI).