Cayman Islands

House of Lords written question – answered on 23rd June 2010.

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Photo of Lord Ashcroft Lord Ashcroft Conservative

To ask Her Majesty's Government why there has been a delay in the privatisation of the water company in the Cayman Islands.

Photo of Lord Howell of Guildford Lord Howell of Guildford Minister of State (Foreign and Commonwealth Office) (International Energy Policy)

The privatisation of the water company is the responsibility of the Cayman Islands Government.

During the budget address on 15 June, the Premier of the Cayman Islands announced the privatisation of the water authority. Privatisation can only occur once local legislation has been amended to allow for the sale, and following a number of steps to ensure adherence with proper procedures and due diligence.

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