New Zealand will soon benefit from its second underwater fibre optic link to the rest of the world, following the completion of a US$350 million deal.
The agreement between Hawaiki Cable and Northland, the region covering the country's north island, will see the cable – which will connect the country to the United States, Australia, and reveal Pacific states – come ashore near the northern town of Whangarei.
Hawaiki said that the cable system, which has a design life of 25 years and will include a cable-landing station, will be based on 100 gigabits per second (Gbps) wavelength technology and deliver more than 20 terabits per second (Tbps) of design capacity. The two partners say they expect it to lead to cheaper internet provision across New Zealand.
Colin Mitten, chairman of the regional economic development agency Northland Inc, said: 'This memorandum of understanding has the potential to bring direct and indirect benefits worth millions to Northland’s local economy alone. Our plan is to develop information and communication technologies [ICT] to substantially strengthen Northland’s economy, which is currently based on the primary sector industries, as well as create new job opportunities.
'With the Hawaiki cable landing in Whangarei, we will be able to propose very competitive solutions for local and foreign investors, willing to benefit from our green power, ICT infrastructure, stable economy, climate and world class environment.'