Grand Bahama water rates hike 30% to close $1m gap, fund $9.5m capex

The Grand Bahama Utility Company is raising water rates by an average of 30% to address a $1m revenue shortfall and support a $9.5m five-year capital investment plan. The hike affects households and businesses, signaling financial strain and infrastructure investment needs. The move may have economic implications for the island's cost of living and business environment.