US$7.5 million dollars will be in the form of a grant and US$10.5 million dollars in loan.The cable system is expected to deliver good quality high-speed internet services at affordable prices to the people of Solomon Islands. The Government will lend this entire amount to the Solomon Oceanic Cable Company, which is also seeking private sector loans including from ADB's private sector wing.The submarine cable system will connect Solomon Islands to an existing international submarine cable network that runs between Guam and Sydney, Australia. The cable system is expected to be in place by December 2013.
Comment here or write your own Letter to the Editor.
Disclaimer: Solomon Times Online may edit or delete your comment and cannot guarantee that all submissions will be published or remain online. The comments expressed on these page are those of the authors and do not necessarily reflect the official policy or position of Solomon Times Online.