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PPPC completes US$12 million fiber optic project

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Simbanet, a Tanzanian company that was engaged by the Public Private Partnership Commission (PPPC) to install a US$12 million fibre optic cable for the country, has completed the project which has since been handed over to the Commission.

The project is expected to be officially commissioned within the first quarter of 2016.

Announcing the news at a press briefing in Blantyre on Wednesday, PPPC Chief Executive Off icer, Jimmy Lipunga, said completion of the network upgrade will help address public sector demand for internet capacity.

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“The complet ion of the network will go a long way in addressing long-term public sector demand for internet capacity and promoting diffusion of broadband in the country,” said Lipunga.

The main objective of the project, according to Lipunga, is to reduce internet prices which remain exorbitant in the country.

He said under the transaction, the contracted price is likely to be pitched at a level that will realise savings of at least 75 percent, from current pricing levels which hovers around US$600.00 per megabite per month.

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“There is no doubt that the enormous savings will accrue in favour of the primary service beneficiary – the Government of Malawi,” said Lipunga.

While cost of building the infrastructure was done by Simbanet, the Malawi government is to spend over US$ 10 million as purchase cost within a period of 10 years with funding from the World Bank, which is the main funder for the project.

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