Jamaica’s National Water Commission (NWC) is taking steps to strengthen its financial position through plans to refinance existing debt and review its extensive property holdings.
Water Minister Matthew Samuda said the commission is examining ways to address high-interest debt while considering the sale or disposal of properties that are no longer being used.
The initiative forms part of wider efforts to improve the financial position of the state-owned utility.
The review of idle properties could allow the commission to make better use of its assets while potentially generating additional resources.
The NWC plays an important role in providing water and wastewater services throughout Jamaica, making its financial stability an important issue for households, businesses and national development.
The proposed measures are aimed at improving the organisation’s financial management and supporting its ability to carry out its responsibilities.
