Caribbean Court of Justice by the CSME are so important and extensive, relating to the establishment of economic enterprises, the provision of professional services, the movement of capital, the acquisition of land for the operation of businesses, that there is a clear need to have a permanent, central, regional institution to authoritatively and definitively pronounce on those rights and corresponding obligations. The Caribbean Court of Justice is intended to be such an authoritative institution." The official inauguration was held in Queen's Hall, Port of Spain, Trinidad and Tobago, on Saturday 16 April 2005. The first case heard by the CCJ was in August 2005
Port of Spain the past 4 decades. The private development scheme at Damien street Woodbrook recently provided 350 luxury-apartments, but those are unaffordable to most, even though they were originally intended for the general population. To address the problem, East Port of Spain Development Company was formed in 2005 with a mandate to develop and redevelop a zone in east Port-of-Spain to improve the economic, social and physical environment of those areas. Large parts of Port of Spain's Eastern entrance have been cleared of old warehouses and substandard housing. There are several new government housing projects in the city which are under construction