In February 2006, Alcoa signed an agreement in principle with the government of the Republic of Trinidad and Tobago to build a world-class 341,000 metric-tons-per-year (mtpy) aluminum smelter in the Cap-de-Ville area in southwestern Trinidad...Under the terms of the agreement, Alcoa will begin an environmental impact assessment (EIA) for the location in Cap-de-Ville as part of the company's commitment to sustainable development principles. The company will also complete detailed feasibility studies to determine the full scope and cost of the proposed project.