National

The Story Of Grand Bahama Port Authority

GRAND BAHAMA, BAHAMAS – As the Grand Bahama Port Authority and government spar over the causes of Freeport’s decline, many who live outside the nation’s second city are asking: What exactly is GBPA, and who are its shareholders?

Published

2 years ago

August 7, 2024

Italia Hall

It all began in 1946 when American businessman Wallace Groves envisioned the development of Freeport.

Rupert Hayward, a shareholder of the Port Group Limited and grandson of Sir Jack Hayward, shared his family’s historical perspective on how they became involved in this transformative journey.

Shortly after, the Hawksbill Creek Agreement was signed by Groves and the government to establish the city of Freeport.

Sir Jack Hayward, the son of former GBPA chairman Sir Charles Hayward, and businessman Edward St. George took over the port authority in 1976. They later made Sir Albert Miller, a son of the soil, president.

The two investors later bought out Wallace Groves and ushered in what is known as a remarkable growth period over the next 25 years.

In fact, the majority of the island’s current infrastructure is attributed to the GBPA’s efforts, which the younger Hayward says is a testament to the port’s commitment.

“The investment that we’ve made in Freeport is significant,” Hayward noted. “We talk about the growth years, the infrastructure, and the dedication to our licensees.”

The city was meticulously planned, covering a vast area with structured roads and essential infrastructure for electricity and water, designed to accommodate up to 250,000 residents.

Hayward shared how the work the port does begins with a look at the needs of the community.

“Hopefully, the model is one of sustainability,” Hayward explained. “Our focus is always on how we can best serve the needs of Freeport and ensure its prosperity.”