Last week the Prime Minister of Sint Maarten took stock of the funding for the reconstruction of Juliana airport.
As approved by the Parliament of Sint Maarten, the reconstruction of the airport platform will be financed by funds granted by the World Bank, the European Investment Bank and the Government of the Netherlands, the latter having already paid the latter six month $ 20 million to cover the operating costs of the establishment. "This allowed the airport to avoid bankruptcy," said Leona Marlin-Romeo.
The loan agreement with the World Bank should be signed in the coming weeks. It will grant a loan of 72 million US dollars in addition to the 50 million intended for reconstruction projects on the Dutch side. 21 million
The European Investment Bank (EIB) will release US $ 50 million. The loan agreement should also be signed very soon, after the approval of the 2019 budget by the Parliament.
"The conditions of these two loans, totaling more than 120 million, are very attractive, the rates granted are not available on the market," admits the Prime Minister, that is, rates between 3,5 and 4,5, XNUMX%. The repayment tenure of the two loans is twenty years. (soualigapost.com)
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