Minister of Finance Marinka J. Gumbs has confirmed that Sint Maarten has officially received a Cg 30.3 million Capital Expenditure (CAPEX) loan, with funds transferred on December 5, 2025. The financing will support priority projects aimed at strengthening infrastructure, improving public services, and advancing national development.
While the 2025 budget approved a CAPEX ceiling of Cg 52 million, the government opted to secure a smaller amount based on repayment capacity, interest norms, and responsible long-term financial planning. Minister Gumbs emphasized that this approach ensures the country’s borrowing remains sustainable and affordable.
The loan will fund several key projects, including Cg 10.4 million for the new prison, Cg 18 million for land purchases in Belvedere for housing development, upgrades to the Automatic Weather Observatory System, improvements to public school computer equipment, an automated parking system at Clem Labega, and a backup generator for the Parliament building.
The loan carries an interest rate of 3.532%, with repayments beginning in June 2026. Minister Gumbs described the agreement as a positive step that allows essential investments to move forward while safeguarding Sint Maarten’s financial stability.