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“I am impressed by the diversity of the Arawak Adventures Group; they have created a partnership, not only as a team of talented individuals, but as investors as well,” shared Ian Rolle, President of The Grand Bahama Port Authority, Limited (GBPA) as he congratulated stakeholders of the Arawak Adventures Group on the ground breaking of Bahamas ZIP this past weekend.

 Executives at The Grand Bahama Port Authority, Limited (GBPA) continue to express their enthusiasm over the increased participation of Bahamians in the local economy. GBPA Group President, Ian Rolle, noted during a recent interview that he is pleased to see the level of domestic investment projects taking place on Grand Bahama at such a sensitive time in the nation’s economy.

We at the Grand Bahama Port Authority Group of Companies extend our heartfelt condolences to Lady Laurie Miller and the entire Miller family, on the passing of Sir Albert J. Miller, KCMG former Co-Chairman, former President, former Chief Executive Officer and sitting Director of the Board for The Grand Bahama Port Authority and Port Group Limited.

The Port Authority, along with their regulatory expert consultant have been working on GBPC’s rate filing over the last number of months.  The Regulatory Framework, agreed to in January 2013, requires GBPC to submit a full rate case to the regulator (GBPA) in 2015 in order to apply for rates for 2016-2019.  As in other regulated businesses, the Power Company has had to submit a number of studies and statistics in order to justify any change in rates.  These included a Cost of Service Study (which determines the actual cost to serve various classes of customers), a depreciation study, service level information and detailed financials laying out the operating costs and the justification for them.

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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