Sygnus Capital Leads Transformative Road Infrastructure Project in Eleuthera

Sygnus Capital, a leading force in the Caribbean’s alternative investment landscape, is spearheading a transformative infrastructure project on the island of Eleuthera. As the primary arranger in a strategic public-private partnership, Sygnus has successfully secured funding for an extensive 163-mile road paving and safety enhancement initiative, in collaboration with Caribbean Pavement Solutions (CPS), part of the Bahamas Striping Group of Companies.

This ambitious road improvement project addresses long-standing challenges posed by deteriorating road conditions on Eleuthera, an island celebrated for its stunning pink sand beaches and crystal-clear waters. For years, the poor state of the island’s roads has impacted both residents and visitors, disrupting local economic activities and compromising safety. The Eleuthera Road Project (ERP) is set to tackle these issues directly, enhancing road safety and connectivity while contributing to the island’s broader economic, social, and environmental development.

Marking Sygnus Capital’s second major road infrastructure effort in The Bahamas, following a successful $25 million investment in a 45-mile highway improvement project in Exuma, the ERP underscores the company’s ongoing commitment to sustainable infrastructure development in the region.

Gregory Samuels, Senior Vice President and Head of Investment Banking at Sygnus Capital, expressed his excitement about the project, stating, “We are thrilled to continue our collaboration with Caribbean Pavement Solutions and the Government of The Bahamas. This initiative reflects our dedication to fostering sustainable infrastructure that not only improves road safety and connectivity but also promotes regional economic growth.”

The ERP is already delivering tangible benefits, generating 160 jobs for local contractors, including Quick Fix and NuView Construction. This job creation is expected to reduce unemployment rates and provide crucial income to local households, bolstering Eleuthera’s economic stability. The financing for this venture is facilitated through Sygnus’s innovative Revolving Receivables Program, showcasing the company’s creative approach to investment and funding solutions.

Dominic Sturrup, Executive Chairman at Caribbean Pavement Solutions, emphasized the significance of this partnership, noting, “The Eleuthera Road Project is a landmark achievement for our company and the island. The collaboration with Sygnus Capital and the Government of The Bahamas underscores the importance of public-private partnerships in advancing infrastructure projects. We are proud to be part of this historic endeavor, which will greatly benefit Eleuthera by boosting transportation, tourism, and safety.”

An asphalt plant located in Rock Sound, Eleuthera, is central to the project, producing 1,400 tons of asphalt daily—enough to pave 2.5 miles of road per day. The improved infrastructure will enhance accessibility for Eleuthera’s residents and visitors alike, supporting the island’s tourism industry and improving the overall quality of life. The project is expected to stimulate economic growth and provide a safer, more reliable transportation network for the local community.

Sygnus Capital’s leadership in this major project highlights the company’s expertise in alternative investments and its ability to drive substantial infrastructural advancements throughout the Caribbean. With a strong presence in Jamaica and Puerto Rico, Sygnus is well-positioned to expand its impact across the region, reaffirming its commitment to fostering growth and development throughout Latin America and the Caribbean.