At VIFreepBreaking NewsBusiness NewsCaribbean NewsEnvironmental NewsInternational NewsSint Maarten NewsTourism News

Princess Juliana Airport Got ‘Maximum’ Insurance Payout Of $71 Million After Hurricane Irma In 2017

PHILIPSBURG — 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 $193 million in financing for Sint Maarten’s Princess Juliana International Airport (PJIAE) Terminal Reconstruction.

On behalf of Sint Maarten and Princess Juliana International Airport, André Wright advised on the $50 million loan from The European Investment Bank (EIB) and $50 million grant from The World Bank, for a total of $100 million in investment capital combined with $22 million from the Government of Sint Maarten in the form of liquidity support.

Wright also ensured the project received a maximum insurance claim payout of $71 million by introducing Willis Towers Watson to serve as insurance advisory services provider.

Princess Juliana International Airport is among the busiest airports in the North Eastern Caribbean, serving Sint Maarten, Saint Martin, Saba, St. Eustatius, Anguilla, and St Barthélemy and is the engine of Sint Maarten’s economy, serving over 1.8 million passengers and employing over 1,000 local residents each year.

Following the destruction from hurricane Irma, Princess Juliana International Airport required massive remediation and reconstruction. Standard International Group provided end-to-end advisory, from creating the financial models, structuring the plan of finance, liaising with current bondholders and providing rating agency advisory, with a vision of success and prosperity for this important project.

The new airport design will feature security improvements and is expected to surpass its past performance. Terminal reconstruction is slated to commence in 2021.

For over 20 years, Standard International Group has worked collaboratively with St. Maarten leadership to create transformative solutions that improve the bottom line and local economy.

During this period, Standard International Group has provided financial advisory for a variety of infrastructure advancements, including the original Princess Juliana International Airport transaction (2004), several financial advisory and capital raises for the St. Maarten electricity company (GEBE), cruise port facilities, shopping and real estate development, and other projects.

With a long history of working with government leadership and multiple investment teams, Standard International Group was able to successfully complete these projects and ensure positive results for all stakeholders.

“Investing in better infrastructure, solutions for climate change and the wellbeing of local communities is a major priority across the Caribbean, but it is often a difficult process,” Wright said. “Standard International Group specializes in securing financing for complex infrastructure projects, creating win-win situations for investors as well as communities.”

About Standard International Group

Standard International Group is an independent financial advisory boutique that emphasizes service and innovation. Founded by André Wright in 1996, Standard International Group focuses on revitalizing critical infrastructure projects across the U.S. Municipal, Caribbean, and West Africa. Wright brings a decade of Wall Street experience and over thirty years of financial advisory and investment banking expertise to some of these regions’ most pressing infrastructure problems.

Standard International Group does business where others either cannot or are not willing to go. The firm’s financial advisory services are built around comprehensive financial and credit analysis, local knowledge and industry expertise with a focus on creating transformative solutions and successful outcomes.

Standard International Group creates and shares opportunities with global investors, delivers debt and equity capital to sovereign and municipal governments and corporations, all while emphasizing the importance of positive results on a local level. For more information, please visit

Previous post

BAD! Man Slain In Chicago Dispute Over Hands In Thanksgiving Food

Next post

V.I. Government Will Conduct A 'Mock Drill' Of Receiving Pfizer Vaccine ... Before It Arrives

The Author

VI Free Press

VI Free Press

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *