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ADB assisted in the construction of the Kiribati and Nauru submarine cable systems

 Last Update: 2022-12-27
 Source: Internet
 Author: User

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The Asian Development Bank (ADB) has signed agreements with ministers in Kiribati and Nauru to provide financing support for the construction of an undersea cable project linking the two countries
.

ADB pledged A$21.
6 million (104 million yuan) in Kiribati and A$15 million (71.
95 million yuan) in Nauru to build submarine fiber optic cables
.

It is reported that the submarine cable project was first jointly initiated by the World Bank to improve the quality of Internet services in the Pacific island countries of Kiribati and Nauru, reduce costs and reduce dependence on satellite communications
.

This article uses the real-time exchange rate of 1 Australian dollar = 4.
7965 yuan

The Asian Development Bank (ADB) has signed agreements with ministers in Kiribati and Nauru to provide financing support for the construction of an undersea cable project linking the two countries
.

Submarine cables

ADB pledged A$21.
6 million (104 million yuan) in Kiribati and A$15 million (71.
95 million yuan) in Nauru to build submarine fiber optic cables
.

This article uses the real-time exchange rate of 1 Australian dollar = 4.
7965 yuan

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