(a) To acquire, operate and improve industrial parks in order to provide suitable sites for the location of industries in the Virgin Islands.
(b) To complement the Economic Development program established under chapter 12 of this title, and to establish close liaison, cooperation and coordination with the Department of Economic Development and Agriculture in connection therewith. The provisions enacted by this chapter are hereby declared to be necessary in the public interest and the industrial park projects herein authorized are declared to be public improvements and public undertakings.