Prostar Capital has secured $15 million in co-investment capital from a major institutional infrastructure investor to support Prostar’s $100 million investment program aimed at expanding operations at the firm’s GTI Statia storage terminal.
The investment program, which was announced in March, will seek to improve the GTI Statia facility during the next two years. Planned improvements include tank refurbishments, marine infrastructure upgrades and other terminal upgrades. The terminal is located on the Dutch Caribbean island of St. Eustatius.
The $15 million co-investment builds on a previous commitment from the unnamed infrastructure investor, according to Prostar. With the committed capital, the investor also will acquire a minority stake in GTI Statia.
“We’re excited to receive this ongoing support from our investors as we embark on a shared vis
