Release date: 5 May 2015
Promoter – Financial Intermediary
SINT MAARTEN TELECOMMUNICATION HOLDING COMPANY NVLocation
Description
The project concerns the rollout of a fibre access network on the Island of Sint Maarten (Dutch part of the island) in order to provide high speed fixed broadband telecom services to residential and business users. Provision of triple play (voice, internet, TV) services to around 14 500 homes is planned.
Objectives
The project will increase the availability and quality of advanced broadband services in the country, and will therefore help to bridge the digital divide in St Maarten and contribute to economic development.
Sector(s)
- Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 8 million
Total cost (Approximate amount)
EUR 21 million
Environmental aspects
If located in the EU, the investments in fixed telecommunications projects (mainly civil works for fibre rollout) would not fall under Directive 2011/92/EU on environmental impact assessment (EIA). The related works for such broadband networks have limited environmental effects, apart from disturbances during civil work construction, which can be mitigated by appropriate measures. Full environmental details will be assessed during appraisal.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 4/11/2015
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).