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Palau prepares to build second submarine cable system ADB provides financing support

 Last Update: 2023-01-02
 Source: Internet
 Author: User

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The Palau government plans to provide a second submarine cable to the island to enhance its current telecommunications services
.
The government wants to obtain a loan from the Asian Development Bank to finance the investment
.

ADB is partnering with the Government of Palau on the North Pacific Regional Connectivity Investment Project
.
ADB's two loans total about $25 million
.
The project connects Palau with Guam's international cable hub via an undersea fiber-optic cable
.

Palau President Remengesau announced the plan
last week.

According to Remengesau, investing in a second cable would save the government about $2 million a year, which is the current cost
of supporting satellite service with Palau.

However, the system will help strengthen the local communications service infrastructure, which will continue to serve the island and ensure uninterrupted
communications even if the first submarine cable system fails.

Submarine cables

Palau President Remengesau announced the plan
last week.

According to Remengesau, investing in a second cable would save the government about $2 million a year, which is the current cost
of supporting satellite service with Palau.

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