The Tribune

CONSOLIDATED Water yesterday announced $14m joint venture water supply deal with New Providence Development Company that will ultimately supply "everything bar Albany" west of Lynden Pindling International Airport. The company unveiled its 50/50 retail water supply joint venture with NPDevCo, adding that it was investing $7 million for its stake in a utility that currently supplies 1,000 customers in communities such as Lyford Cay and Old Fort Bay. NPDevCo is contributing the existing water utility business for its 50 per cent equity stake, and the release confirmed a 25-year exclusive water franchise agreement had been signed with the government for western New Providence. * See Business for full story