Fiber optic project in the Seychelles: €8 million granted by EIB
8 March 2011
During an official visit which took place March 4, the European Investment Bank (EIB) announced its financial support for the first submarine fiber optic project in the Seychelles.
This loan, to the value of €8 million, will contribute to connecting the Isle of Mahé to the East African submarine cable system, reported the Réussir Business news site.
Covering a distance of 1,930 kilometers, this fiber optic link will not only help to improve telecommunications, but also provide much better quality Internet access.
According to the Vice-President of the Seychelles, Danny Faure, whose words were reported by Réussir Business, the signing of this agreement with the EIB will enable the government of the Seychelles to move closer to its goal of guaranteeing its people "access to high-powered communications at an affordable price".
The SEAS should come into operation in the second half of 2012.