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The Regulatory Framework established between GBPC and GBPA was created with residents in mind; this framework brings improved transparency to the rate regulation process. As the independent regulator of the power sector, GBPA has responsibility to approve the rate structure of GBPC and to ensure operational standards are in line with international prudent utility practice.

Executives of The Grand Bahama Port Authority, Limited, (GBPA) are hopeful that a partnership with The Bahamas Ministry of Tourism (MoT), and the Caribbean Institute of Certified Management Consultants (CICMC), would provide sufficient leverage, to secure Grand Bahama Island as the location for the 2017 World Congress of Certified Management Consultants (WCCMC).

As the global medical tourism sector continues to experience  phenomenal growth, Grand Bahama Island and more specifically, the City of Freeport is hoping to capitalize on this $100 billion industry. With the recent opening of the Okyanos Stem Cell Therapy facility on Grand Bahama, executives at The Grand Bahama Port Authority, Limited (GBPA), believe that Freeport is well positioned to capture a portion of the Health Tourism market, especially considering our proximity to neighboring North America. 

Member delegates at the 2015 conference of Caribbean Institute of Certified Management Consultants (CICMC), heard firsthand the benefits of Grand Bahama’s Free Trade Zone (FTZ) for regional and international investors. The 3-day annual symposium took place in the nation’s capital October 16th - 18th, bringing together dozens of CICMC members and delegates from neighboring Caribbean jurisdictions.

The Grand Bahama Port Authority, Limited (GBPA) pledged $50,000 in aid of the hurricane affected residents, as well as a trailer load of items donated by GBPA employees and the wider community.

GBPA President, Ian Rolle noted that the overall goal of the initiative is to partner with a number of organizations as they seek to provide essential items for those in need. 

ABOUT GBPA


The Hawksbill Creek Agreement (HCA) gave GBPA responsibility for the development, administration and management, and provision of services within an area called the 'Port Area' (230 sq. miles). GBPA was mandated by this Agreement to build a deep water harbour, an industrial community and required infrastructure for the City.

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PRESIDENT'S MESSAGE


GBPA has achieved an astonishing amount since its inception in 1955.  When first created it was a Grand Bahamian business conglomerate charged not only with land and commercial development but also with all the regulatory and administrative functions of the Freeport/Lucaya.

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THE WAY FORWARD


Firstly, I wish to thank Joan Albury and the Counsellors for this platform enabling us to share with the Grand Bahama community, the outlook for our island! 2015 marks the 60th year of the birth of Freeport and the Hawksbill Creek Agreement; 60 years of a partnership between The Government of The Bahamas and The Grand Bahama Port Authority. I'm here to raise hopes for 2015 and to lay a few popular myths to rest - For those who don't know me, I am Sarah St George.

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