by Bajan Reporter / December 12th, 2020
Standard International Group, a leading New York City-based boutique financial advisory firm with a focus on revitalizing critical infrastructure projects across the U.S. Municipal, Caribbean, and West Africa, announced the completion of $193M in financing for St. Maarten’s Princess Juliana International Airport (
PJIAE) Terminal Reconstruction.
André Wright, Executive Vice President of Standard International Group, made the announcement.
On behalf of St. Maarten and Princess Juliana International Airport, Mr. Wright advised on the $50M loan from The European Investment Bank (EIB) and $50M grant from The World Bank, for a total of $100M in investment capital combined with $22M from the Government of St. Maarten in the form of liquidity support. Mr. Wright also ensured the project received a maximum insurance claim payout of $71M by introducing Willis Towers Watson to serve as insurance advisory services provider.