The preliminary proposal includes "everything the Biwater proposal includes, based on what [could] be ascertained from what was said in the minister's statement and from Biwater releases," said OC-BVI President Glenn Harrigan, who added that the local company hopes to make a definitive proposal to government in the near future.
has proposed selling water to government at $9.26 for the first ten years of the contract, and for $6.28 for the remaining 15 years.
proposed contract, on the other hand, would cost government $12.90 for the first 10 years, and $6.85 for the remaining 15 years.
, who confirmed earlier this week that his
company's proposal, like Biwater's, does not include the cost of electricity, said OC-BVI
was able to drastically reduce the cost it has charged government in the past because the it "has never had the benefit of a 25-year recovery period."