In the aftermath of a sales tax increase, Antigua and Barbuda face another economic challenge with the announcement of rising water costs.
The decision was disclosed in a post-Cabinet meeting briefing.
Implementation and Impact
The hike in water rates will first affect commercial customers starting March 1, with residential rates to be adjusted subsequently.
General commercial customers will see an EC$10 rise per 1000 gallons, a 20 per cent increase, while the cruise port faces a hefty 75 per cent increase of EC$25 per 1000 gallons.
Strategic financial management
Melford Nicholas, overseeing the Antigua Public Utilities Authority (APUA) stated that emphasized the necessity of these adjustments, pointing out their role in repaying loans for enhanced water infrastructure.
By recalibrating the rates, the authority plans to cover loan obligations while improving water access and quality for all.
Public sentiment and prospects
While the rate increases have sparked concerns among residents, particularly due to inconsistent water supply, people have been assured that these measures will lead to better service reliability.
