NWC moving to refinance debt, offload idle properties

News ·
Economy Markets Jamaica
Jamaica

WESTERN BUREAU: Water Minister Mathew Samuda says the National Water Commission (NWC) is taking steps to refinance its high-interest debt and review its extensive landholdings in a bid to strengthen its financial position. Samuda says the debt-refinancing initiative could generate nearly $1 billion annual savings for the state entity, while the commercialisation of suitable properties would…

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