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Freeport is a city, district and free trade zone on the island of Grand Bahama of the northwest part of The Bahamas.In 1955, Wallace Groves, a Virginian financier with lumber interests in Grand Bahama, was granted 20,000 hectares (50,000 acres) of pineyard with substantial areas of swamp and scrubland by the Bahamian government with a mandate to economically develop the area.
Tug and barge in Freeport Harbour, with container terminal and shipyards in background. The Grand Bahama Port Authority [1] ( GBPA or "Port Authority") is a privately held corporation that also acts as the municipal authority for Freeport, Grand Bahama Island, The Bahamas. The GBPA was created by the Hawksbill Creek Agreement.
Freeport Container Port covers a 72-hectare (180-acre) area with docks stretching 1,037 metres (3,402 ft) and a draught of about 16.1 metres (52 ft 10 in). FCP can handle ships up to 16,100 TEUs , and is equipped with three berths averaging 15 metres (49 ft) in depth.
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Grand Bahama is the northernmost of the islands of The Bahamas.It is the third largest island in The Bahamas island chain of approximately 700 islands and 2,400 cays. The island is roughly 530 square miles (1,400 km 2) in area and approximately 153 kilometres (95 miles) long west to east and 24 kilometres (15 miles) at its widest point north to south.
Lucaya is a suburb of Freeport, Bahamas, a city on the island of Grand Bahama, approximately 105 mi (160 km) east-northeast of Fort Lauderdale, Florida. Lucaya's primary industry is tourism. Lucaya's primary industry is tourism.
The Grand Bahama Port Authority was created to develop and administer the land and thus the city of Freeport was planned and built from scratch. To encourage investment, the agreement allowed the port authority not to pay taxes on income , capital gains , real estate , and private property until 1985—a provision that extended the agreement a ...
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