Talks drag on with water company

(CNS Business): The private firm which supplies water to the local Water Authority as well as directly to the people of West Bay has still not come to an agreement with the Cayman Islands Government over the company’s future franchise. Although Consolidated Water was given an extension to its licence until the end of January 2012, a substantive agreement has still not been made and government officials confirmed that there are some complex sticking points regarding the new licence. In its quarterly report last month the firm said its earnings had increased as a result of the profit primarily from its refurbished Red Gate plant on Grand Cayman. Read more on CNS Business