This Act establishes the Chaguaramas Development Authority and provides for its functions and powers, organization and management.The Authority is establishes as a body corporate and shall be responsible for the infrastructural development of the North-west Peninsula.The Minister may, in order to enable the efficient performance of the Authority, extinguish any public or private rights of way or easement over any land vested in the Authority. The Act prohibits any occupation or possession of land vested in the Authority without its consent.
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First colonized by the Spanish, the islands came under British control in the early 19th century. The islands' sugar industry was hurt by the emancipation of the slaves in 1834. Manpower was replaced with the importation of contract laborers from India between 1845 and 1917, which boosted sugar production as well as the cocoa industry. The discovery of oil on Trinidad in 1910 added another important export. Independence was attained in 1962. The country is one of the most prosperous in the Caribbean thanks largely to petroleum and natural gas production and processing.