Guinea: 34 million USD from WB for submarine cable project
4 July 2011
The World Bank has just granted 34 million dollars to the submarine cable project in Guinea.
"The implementation of this project will reduce the costs of communication by 75%, which will encourage investment in the country and promote Small and Medium-sized Enterprises (SMEs)", said the World Bank's manager in Guinea, Siaka Bakayoko, last Wednesday, as reported by Guinée News.
According to the minister for post and telecommunications, Oyé Guilavogui, with this project, all Guineans will have access to telephone, television and high-speed Internet at a lower cost.
He believes that it will breathe new life into this sector, bringing growth to post and telecommunications and new information technologies, reports the Xinhua press agency.
The cable will run for a distance of four thousand kilometers across the country.