The Agreement

The Hawksbill Creek Agreement

On August 4, 1955 the Hawksbill Creek Agreement (HCA) was signed by the Government of The Bahamas with The Grand Bahama Port Authority, Limited (GBPA). This signing gave birth to the city of Freeport.

The HCA gave GBPA responsibility for the development, administration and management, and provision of services within the ‘Port Area'. GBPA was mandated to build a deep water harbour, an industrial community and the required infrastructure for Freeport

The Bahamas Government, being satisfied with the success of the progress made by GBPA to fulfill all mandates in the 1955 HCA, amended the Agreement in 1960 and 1966 in order to encourage the development of tourism and real estate.

To further invigorate the economy, the Government and GBPA entered into an Agreement in 1993, which extended relief from real property tax until 2015, in consideration of numerous economic and social initiatives to be undertaken by GBPA.

The HCA introduced the second largest economic platform in The Bahamas, caused significant development to Grand Bahama and created great confidence for international investors, as evidenced by the major investments made into the island's economy.

The Hawksbill Creek Agreement & Amendments


GBPA is primarily owned by Inter-continental Diversified Corporation (IDC) and its function is mainly a regulatory one, having responsibility for Building and Sanitary Codes, Inspection, Environmental Compliance, Town Planning Regulations, Business Licenses, City Management and Maintenance, and Utility Rate Regulations. GBPA is also charged with economic development in the city of Freeport.

City of Freeport

The revenue of GBPA is derived mainly from license fees, services charges and building permit fees. In addition to funding the regulatory administration of the Port Areas, these fees are used for general administration, road maintenance, signage, and landscaping from the boundary of Eight Mile Rock, eastward to the boundary of High Rock. These privately owned subdivisions, within the Port Area, are not included:

  • Bahama Terrace
  • Hudson Estates
  • Maliboo Reef
  • North & South Bahamia
  • Pine Ridge Estates
  • Queens Cove
  • Silver Cove
  • Royal Bahamia Estates
  • Tamarind

In addition, The Grand Bahama Development Company has developed numerous subdivisions in the Port Area. The maintenance of these subdivisions is the sole responsibility of private developers.

Promoting Investment

In order to ensure that the island flourishes and continues to develop, GBPA is committed to promoting Grand Bahama at home and abroad for Bahamian and international investors.

The 1955 HCA designated Freeport the industrial zone of the Bahamas, making it an ideal place for global investment, wonderful vacation experiences and a superb quality of life.

GBPA has focused its marketing efforts on the economic sectors of trade, industry, tourism, real estate, financial services and technology for ongoing investment. GBPA is committed to pursuing investments that are the ‘right fit' for Grand Bahama Island to bring about sustained growth, economic and community development and job creation.

PGL Group

The investment group of companies fully owned by the shareholders of IDC are:

These companies are all licensees of GBPA and enjoy the same benefits under the HCA as other licensees.

Joint Venture Companies


The Hawksbill Creek Agreement (HCA) gave GBPA responsibility for the development, administration and management, and provision of services within an area called the 'Port Area' (230 sq. miles). GBPA was mandated by this Agreement to build a deep water harbour, an industrial community and required infrastructure for the City.



GBPA has achieved an astonishing amount since its inception in 1955.  When first created it was a Grand Bahamian business conglomerate charged not only with land and commercial development but also with all the regulatory and administrative functions of the Freeport/Lucaya.



Firstly, I wish to thank Joan Albury and the Counsellors for this platform enabling us to share with the Grand Bahama community, the outlook for our island! 2015 marks the 60th year of the birth of Freeport and the Hawksbill Creek Agreement; 60 years of a partnership between The Government of The Bahamas and The Grand Bahama Port Authority. I'm here to raise hopes for 2015 and to lay a few popular myths to rest - For those who don't know me, I am Sarah St George.