Interchange Vanuatu to Fiji Cable
Sector: Government • Location: Fiji, Vanuatu
Source: World Bank Group
The Interchange Vanuatu to Fiji Cable Project entails the establishment of Vanuatu's first international submarine cable system linking Port Vila in Vanuatu to Suva (Fiji). This milestone cable project, which will link Vanuatu directly into the high capacity Southern Cross cable between Sydney and Hawaii, is scheduled for completion in January 2014.
Borrower is Interchange Ltd. Sponsors are Vanua
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Participants
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Status
Original status | active |
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Taiyo last update | 00-00-0000 |
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Contact
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Description
Description | The Interchange Vanuatu to Fiji Cable Project entails the establishment of Vanuatu's first international submarine cable system linking Port Vila in Vanuatu to Suva (Fiji). This milestone cable project, which will link Vanuatu directly into the high capacity Southern Cross cable between Sydney and Hawaii, is scheduled for completion in January 2014. Borrower is Interchange Ltd. Sponsors are Vanuatu National Provident Fund (37.5%), Interchange Holdings Ltd (25.0%), Vanuatu Post Ltd (12.5%), Vanuatu Government (12.5%), Fidelity Pacific Life Insurance Company (12.5%). Legal adviser to borrower is Rockwell Olivier. Legal adviser to lender is Ashurst. The total cost of the project is US$17.8m. Financing comprises a US$15.3m 5-year term loan, a US$1.5m 5-year term loan and a US$1m 5-year term loan arranged solely by ANZ, who is also the facility agent. Loan agreement was signed on 11 May 2013. |
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Original Currency | USD |
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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