While the Cayman Turtle Farm is one of the single largest recipients of government subsidies, many other entities and attractions receive public funding.
Several of these have been candidates for privatisation. The following figures are based on government budget documents for the current 2012/13 fiscal year.
Cayman Airways – $23.3 million
National Roads Authority – $6 million
University College of the Cayman Islands – $4.1 million
Tourism Attractions Board – $2.1 million
Cayman Islands National Museum – $620,000
Cayman Islands National Cultural Foundation – $570,000
National Gallery of the Cayman Islands – $410,000
National Trust for the Cayman Islands – $214,000
International College of the Cayman Islands – $90,000
Angling Club – $33,000
Cayman Carnival Committee – $21,000
Cayman Islands Humane Society – $18,000
Water Authority – Generates profits of $3.5 million – The government has actively explored selling the authority’s sewage system. The Miller-Shaw Report identified the authority as a prime candidate for privatisation.
Cayman Islands Airports Authority – Generates profits of $4.9 million – The government has actively explored partnering with the private sector to run Grand Cayman’s airport. The Miller-Shaw Report identified the authority as a prime candidate for privatisation. A Canadian government-owned company floated a proposal involving a US$200 million capital investment to expand the airport, in exchange for a 30-40 year concession contract.
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