Grand Bahama Port Authority
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The Grand Bahama Port AuthorityGrand Bahama Port Authority Website
/ref> ( GBPA or "Port Authority") is a privately held
corporation A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and ...
that also acts as the
municipal A municipality is usually a single administrative division having corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate. The term ''municipality'' may also mean the ...
authority for Freeport,
Grand Bahama Island Grand Bahama is the northernmost of the islands of the Bahamas, with the town of West End located east of Palm Beach, Florida. It is the third largest island in the Bahamas island chain of approximately 700 islands and 2,400 cays. The island is ...
,
The Bahamas The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the a ...
. The GBPA was created by the
Hawksbill Creek Agreement {{Refimprove, date=September 2009 The Hawksbill Creek Agreement named in honour of the Hawksbill Sea Turtle was an agreement signed in 1955 between the government of the Bahamas and Wallace Groves to establish a city and free trade zone on Grand ...
. The GBPA is horizontally integrated with property development, municipal services, airport (world's largest privately owned airport) harbour operations, and shipyard concerns.


Ownership Structure

The GBPA partners with
Hutchison Whampoa Hutchison Whampoa Limited (HWL) was an investment holding company based in Hong Kong. It was a Fortune Global 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL was an international corporation with a di ...
on the container port (through
Hutchison Port Holdings Hutchison Port Holdings Limited (HPH; ), trading as Hutchison Ports (), is a private holding company incorporated in the British Virgin Islands. The port operator group is a subsidiary of CK Hutchison Holdings (formerly Hutchison Whampoa). Some o ...
) and resort area at
Lucaya Lucaya is a suburb of Freeport, Bahamas, a city on the island of Grand Bahama, approximately 105 mi (160 km) east-northeast of Fort Lauderdale, Florida. Lucaya's primary industry is tourism. Major hotels and attractions in the resort ...
. The Grand Bahama Port Authority is jointly owned by the Hayward and St. George families.


References


External links


The Grand Bahama Development Company
Freeport, Bahamas Port authorities