USD38 MILLION FIBRE PROJECT TO CONNECT MADAGASCAR TO THE WORLD

Telecoms

 "We have made excellent progress in understanding how to connect Madagascar to Africa by an offshoot from the international cable," said Minister of Telecommunications, Post and Communications Gervais Mahazaka in introducing a press conference given by IDC, the America consortium which has been undertaking studies to scope the cost of the fibre connection to Africa and the rest of the world. Its estimate is USD38 million dollars. The connection would be made with a cable landing in Toliara and Mtuzuni in South Africa.

The consortium was also charged with finding finance for the project. The IDC consortium consists of five companies: IDC (International Development Corporation), David Ross Group Inc, Projects International, S.B. Constanzos and Solidus Trading. The feasibility study found that the connection to the international cable would cost between USD15-21 million. The necessary funding could be raised from loans and investors, both locally and internationally as well as financial institutions with an interest in the development of African infrastructure.

The Government and the promoters of the project would like to see it operational by the end of 2005. Although ownership of the cable has not yet been resolved, Volderamas Kanchas of IDC of said:"We are convinced that we can find a good way of co-operating."

Midi Madagasikara

LIRE EN FRANCAIS
http://www.balancingact-africa.com/news/back/french_june04.html