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Old May 14th, 2013, 05:42 PM   #21
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St. Maarten closes $132M bond issue for int’l airport upgrades

Written by Larry Luxner // May 14, 2013 // Caribbean


A rendering of the Princess Juliana International Airport. (Credit: st-maarten-martin.blogspot.com)

The St. Maarten Tourism Bureau says arrivals to the Dutch-speaking destination jumped by 17 percent in 2012 compared to the year before — aided by JetBlue’s new direct service from Puerto Rico and weekly Delta flights from New York to St. Maarten.

The agency said it recorded an 11 percent growth from the U.S. market; that compares to average 3 percent growth in 2012 for a group of seven nearby destinations including Anguilla, Antigua, Aruba, Barbados, Curaçao, Puerto Rico and St. Lucia.

For the Canadian market, St. Maarten had the highest growth at 27 percent (followed by Anguilla at 24 percent and Curaçao at 22 percent). From Europe, Puerto Rico had the biggest percentage increase, at 19 percent — but that base has only 16,000 passengers compared to St. Maarten’s 70,000 passengers, which saw a 7 percent increase during that period.

To cope with the increased passenger load, St. Maarten has secured a $132 million bond for major improvements to its Princess Juliana International Airport. Moody’s Investor Service has given the airport a Baa2 bond rating for the issuance of the new bonds — proceeds of which will replace existing bonds and pay for the anticipated capital expenditures.

This includes rehabilitating PJIA’s relatively short 7,150-foot runway — which has already commenced — as well as construction of a new fuel farm that can store 15 days of jet fuel. Also on the drawing board: construction of new taxiways to increase runway efficiency, an expansion of the aprons to provide more aircraft parking, and acquisition of land so the airport can expand later on if necessary.

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Old December 17th, 2013, 11:27 AM   #22
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Cayman Islands Interior Design

Hey,

this is a great thread.. I was flicking through some pages on Pinterest and I came across a portfolio for a Cayman Islands Interior Design firm called Liberty Designs; the Pinterest page is: http://www.pinterest.com/Libertydesigns1/

Liberty Designs look to be the real deal and have some excellent projects and really quite outstanding work.

They have designed entire streets, hotels and individual houses...

I thought this information would be useful for this thread... I am in the process of getting a proposal from Liberty Designs to do my house in Grand Caymana.

Their website is: www.libertydesigns.ky
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Old February 22nd, 2014, 05:44 AM   #23
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St. Kitts to get 2nd cruise-ship pier, 1st ‘skyscrapers’

Written by Larry Luxner // February 21, 2014 // Caribbean


In early 2013, the government said it would spend $31 million to build a second cruise pier at Port Zante.

St. Kitts-Nevis, the smallest sovereign state in the Americas in both area and population, has only 53,000 inhabitants and measures just 104 square miles — less than twice the size of the District of Columbia. Yet it’s at the forefront of a cruise ship and hotel building boom that shows no sign of slowing down.

In early 2013, the government said it would spend $31 million to build a second cruise pier at Port Zante that’ll be able to accommodate two Oasis-class cruise vessels — the world’s largest passenger ships — one on either side. Construction is expected to be completed by November 2014, just in time for the 2014-15 cruise ship season.

“The signing of this memo of understanding is indeed a timely response to the challenges we face with respect to berthing facilities,” said Jonathan Bass, CEO of the St. Christopher Air and Sea Ports Authority. “The unprecedented growth in the cruise tourism subsector that St. Kitts has experienced over the past six years has placed tremendous pressure on our berthing infrastructure — particularly on those days when more than three large vessels request berthing.”

Under the MOU, Massachusetts-based Jay Cashman Inc. will invest all the money necessary to build the pier. During the 30-year concession, SCASPA will continue to manage and operate the cruise facility.

“The cruise sector of the tourism industry has been going through tremendous growth over the last six years,” said Tourism Minister Ricky Skerritt, noting that the sector saw a jump from less than 200,000 visitors to more than 700,000 during that time.

“The improvements in downtown Basseterre, development of shops, restaurants and key attractions, and increasing the number of certified taxi and tour operators in anticipation of demand growth, have clearly had a very positive impact on the experience that St. Kitts offers to visitors,” he said.

In November, Prime Minister Denzil Douglas announced that St. Kitts will get its first high-rise buildings — in the form of the $70 million Prime Hotel and Condominium project to commence in May 2014.

Located in the hills of St. Kitts overlooking Basseterre National Park, the project will consist of a 70-room, eight-story major hotel and nine multi-floor buildings with 324 one-bedroom condos built into the hillside, with views of Bassetterre. The principal investor is Gholam Abbas Fahim, who gained St. Kitts citizenship more than a year ago.

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Old February 25th, 2014, 08:32 PM   #24
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St. Maarten upgrades Princess Juliana Int’l Airport

Written by Larry Luxner // February 25, 2014 // Caribbean


St. Maarten’s Princess Juliana International Airport

When it comes to duty free shopping, no Caribbean destination holds more appeal than St. Maarten, a Dutch-speaking outpost of the Netherlands that shares the 37-square-mile island with French-speaking St. Martin.

It also has one of the Caribbean’s most attractive airports.

Last year, St. Maarten’s Princess Juliana International Airport (SXM) closed a $132 million bond to finance a long list of improvements including rehabilitating the airport’s relatively short 7,150-foot runway, construction of a new fuel farm that can store 15 days of jet fuel, the building of new taxiways to increase runway efficiency, expanding aprons to provide more aircraft parking, and acquisition of land so the airport can expand later on if necessary.

SXM also embarked on a redevelopment of its landside and airside retail areas to boost non-aviation revenues, deemed by a recent study to be considerably lower than regional and global norms for airports its size.

“The long-standing concessionaires were given the first option to be part of the new retail strategy,” Michael R. Granger wrote last month in St. Maarten’s online Daily Herald. “However, many complained that SXM Airport simply wanted to force them off the premises, preferring to work with new concessionaires with deeper pockets. The flip side of that argument was that several of the concessionaires owed the airport a total of over $20 million in back rent, a situation dubbed unsustainable for the airports future growth and expansion plans.”

Nevertheless, SXM — which on Dec. 3 celebrated its 70th anniversary in business— has upgraded the entire shopping area “with better layout, décor and lighting, which will make passengers more disposed to spend,” said Granger. “In the end, the majority of the retail outlets remain locally owned and operated.”

In addition, at least seven new concessionaires have opened at SXM, reports Suzy Kartokromo, the airport’s acting manager of marketing and customer service. She said about 92 percent of the available space at SXM has already been allocated, and 85 percent of the concessions are local and already existing stores.

Another capital improvement project for St. Maarten is the $39 million Simpson Bay Lagoon Causeway — a 760-meter causeway that now links Airport Boulevard to Cole Bay in the vicinity of Port de Plaisance. The bridge, which opened to traffic in late December 2013, accommodates two lanes of traffic with protected sidewalks on each side, a bicycle track and a swing bridge at its center.

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Old March 6th, 2014, 12:06 PM   #25
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VIASPACE provided an update on the 7 MW Giant King Grass fueled anaerobic digestion power plant being developed by Tibbar Energy USVI, LLC on St. Croix, US Virgin Islands. Tibbar Energy presented their 7MW Biogas Project at a CZM (Coastal Zone Management) Public Hearing on February 27th requesting a CZM permit.
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