NWC reports revenue loss of over $3B following passage of Hurricane Melissa

The National Water Commission (NWC) is reporting a revenue loss of over $3 billion following the passage of Hurricane Melissa in October last year.

Acting Vice President of Operations at the NWC, Herman Fagan, made the revelation during today’s meeting of the Public Administration and Appropriation Committee.

He pointed to the hurricane’s impact on the hotel sector as a major reason for the loss.

Several hotels have shuttered their doors to facilitate rehabilitation after the Category 5 storm.

Meanwhile, Mr. Fagan added that the company suffered damage amounting to nearly $4 billion.

Mr. Fagan also highlighted additional costs, which are impacting the water company’s budget, such as those relating to the rehabilitation of NWC’s buildings, generator fuel and maintenance, security and emergency works.

He noted, however, that assistance has come from the Central Government and NWC’s insurance providers. The insurance payout represents over US$2 million.

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U.S. President’s new global tariffs will hurt, but no major impact anticipated for Jamaica – BOJ Governor Richard Byles

The National Water Commission (NWC) is reporting a revenue loss of over $3 billion following the passage of Hurricane Melissa in October last year.

Acting Vice President of Operations at the NWC, Herman Fagan, made the revelation during today’s meeting of the Public Administration and Appropriation Committee.

He pointed to the hurricane’s impact on the hotel sector as a major reason for the loss.

Several hotels have shuttered their doors to facilitate rehabilitation after the Category 5 storm.

Meanwhile, Mr. Fagan added that the company suffered damage amounting to nearly $4 billion.

Mr. Fagan also highlighted additional costs, which are impacting the water company’s budget, such as those relating to the rehabilitation of NWC’s buildings, generator fuel and maintenance, security and emergency works.

He noted, however, that assistance has come from the Central Government and NWC’s insurance providers. The insurance payout represents over US$2 million.

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Central Bank projects that Jamaica’s economy will recover fully from hurricane Melissa in 2-3 years

The National Water Commission (NWC) is reporting a revenue loss of over $3 billion following the passage of Hurricane Melissa in October last year.

Acting Vice President of Operations at the NWC, Herman Fagan, made the revelation during today’s meeting of the Public Administration and Appropriation Committee.

He pointed to the hurricane’s impact on the hotel sector as a major reason for the loss.

Several hotels have shuttered their doors to facilitate rehabilitation after the Category 5 storm.

Meanwhile, Mr. Fagan added that the company suffered damage amounting to nearly $4 billion.

Mr. Fagan also highlighted additional costs, which are impacting the water company’s budget, such as those relating to the rehabilitation of NWC’s buildings, generator fuel and maintenance, security and emergency works.

He noted, however, that assistance has come from the Central Government and NWC’s insurance providers. The insurance payout represents over US$2 million.

Read More

BOJ says impact of Hurricane Melissa on inflation now projected to be less severe than previously anticipated; cuts policy rate to 5.50%

The National Water Commission (NWC) is reporting a revenue loss of over $3 billion following the passage of Hurricane Melissa in October last year.

Acting Vice President of Operations at the NWC, Herman Fagan, made the revelation during today’s meeting of the Public Administration and Appropriation Committee.

He pointed to the hurricane’s impact on the hotel sector as a major reason for the loss.

Several hotels have shuttered their doors to facilitate rehabilitation after the Category 5 storm.

Meanwhile, Mr. Fagan added that the company suffered damage amounting to nearly $4 billion.

Mr. Fagan also highlighted additional costs, which are impacting the water company’s budget, such as those relating to the rehabilitation of NWC’s buildings, generator fuel and maintenance, security and emergency works.

He noted, however, that assistance has come from the Central Government and NWC’s insurance providers. The insurance payout represents over US$2 million.

Read More

NCB to discontinue international GBP cheque services March 13; cites declining global use of cheque instruments and elevated risk exposure

The National Water Commission (NWC) is reporting a revenue loss of over $3 billion following the passage of Hurricane Melissa in October last year.

Acting Vice President of Operations at the NWC, Herman Fagan, made the revelation during today’s meeting of the Public Administration and Appropriation Committee.

He pointed to the hurricane’s impact on the hotel sector as a major reason for the loss.

Several hotels have shuttered their doors to facilitate rehabilitation after the Category 5 storm.

Meanwhile, Mr. Fagan added that the company suffered damage amounting to nearly $4 billion.

Mr. Fagan also highlighted additional costs, which are impacting the water company’s budget, such as those relating to the rehabilitation of NWC’s buildings, generator fuel and maintenance, security and emergency works.

He noted, however, that assistance has come from the Central Government and NWC’s insurance providers. The insurance payout represents over US$2 million.

Read More

“We’re safe!” – JAMLAT marks Jamaicans safe in Mexico; Foreign Affairs Minister says no report of injury

The National Water Commission (NWC) is reporting a revenue loss of over $3 billion following the passage of Hurricane Melissa in October last year.

Acting Vice President of Operations at the NWC, Herman Fagan, made the revelation during today’s meeting of the Public Administration and Appropriation Committee.

He pointed to the hurricane’s impact on the hotel sector as a major reason for the loss.

Several hotels have shuttered their doors to facilitate rehabilitation after the Category 5 storm.

Meanwhile, Mr. Fagan added that the company suffered damage amounting to nearly $4 billion.

Mr. Fagan also highlighted additional costs, which are impacting the water company’s budget, such as those relating to the rehabilitation of NWC’s buildings, generator fuel and maintenance, security and emergency works.

He noted, however, that assistance has come from the Central Government and NWC’s insurance providers. The insurance payout represents over US$2 million.

Read More

Jamaicans in parts of United States among residents affected by powerful winter storm

The National Water Commission (NWC) is reporting a revenue loss of over $3 billion following the passage of Hurricane Melissa in October last year.

Acting Vice President of Operations at the NWC, Herman Fagan, made the revelation during today’s meeting of the Public Administration and Appropriation Committee.

He pointed to the hurricane’s impact on the hotel sector as a major reason for the loss.

Several hotels have shuttered their doors to facilitate rehabilitation after the Category 5 storm.

Meanwhile, Mr. Fagan added that the company suffered damage amounting to nearly $4 billion.

Mr. Fagan also highlighted additional costs, which are impacting the water company’s budget, such as those relating to the rehabilitation of NWC’s buildings, generator fuel and maintenance, security and emergency works.

He noted, however, that assistance has come from the Central Government and NWC’s insurance providers. The insurance payout represents over US$2 million.

Read More

Kingston man in custody and over 500 pounds of uninspected meat seized during police operation in Downtown Kingston

The National Water Commission (NWC) is reporting a revenue loss of over $3 billion following the passage of Hurricane Melissa in October last year.

Acting Vice President of Operations at the NWC, Herman Fagan, made the revelation during today’s meeting of the Public Administration and Appropriation Committee.

He pointed to the hurricane’s impact on the hotel sector as a major reason for the loss.

Several hotels have shuttered their doors to facilitate rehabilitation after the Category 5 storm.

Meanwhile, Mr. Fagan added that the company suffered damage amounting to nearly $4 billion.

Mr. Fagan also highlighted additional costs, which are impacting the water company’s budget, such as those relating to the rehabilitation of NWC’s buildings, generator fuel and maintenance, security and emergency works.

He noted, however, that assistance has come from the Central Government and NWC’s insurance providers. The insurance payout represents over US$2 million.

Read More

May Pen to Williamsfield Highway toll plazas projected to add US$10M to TJH’s revenue

The National Water Commission (NWC) is reporting a revenue loss of over $3 billion following the passage of Hurricane Melissa in October last year.

Acting Vice President of Operations at the NWC, Herman Fagan, made the revelation during today’s meeting of the Public Administration and Appropriation Committee.

He pointed to the hurricane’s impact on the hotel sector as a major reason for the loss.

Several hotels have shuttered their doors to facilitate rehabilitation after the Category 5 storm.

Meanwhile, Mr. Fagan added that the company suffered damage amounting to nearly $4 billion.

Mr. Fagan also highlighted additional costs, which are impacting the water company’s budget, such as those relating to the rehabilitation of NWC’s buildings, generator fuel and maintenance, security and emergency works.

He noted, however, that assistance has come from the Central Government and NWC’s insurance providers. The insurance payout represents over US$2 million.

Read More

Opposition demands that Gov’t take immediate steps to address logistics crisis at Port of Kingston

The National Water Commission (NWC) is reporting a revenue loss of over $3 billion following the passage of Hurricane Melissa in October last year.

Acting Vice President of Operations at the NWC, Herman Fagan, made the revelation during today’s meeting of the Public Administration and Appropriation Committee.

He pointed to the hurricane’s impact on the hotel sector as a major reason for the loss.

Several hotels have shuttered their doors to facilitate rehabilitation after the Category 5 storm.

Meanwhile, Mr. Fagan added that the company suffered damage amounting to nearly $4 billion.

Mr. Fagan also highlighted additional costs, which are impacting the water company’s budget, such as those relating to the rehabilitation of NWC’s buildings, generator fuel and maintenance, security and emergency works.

He noted, however, that assistance has come from the Central Government and NWC’s insurance providers. The insurance payout represents over US$2 million.

Read More