Australian telecommunications carrier Amcom Telecommunications has confirmed funding enabling the completion of its $145 million trans-Australian broadband link.
International wholesale bank ABN AMRO will underwrite the third party equity funding for the IP1 project.
Scheduled for completion in June 2002, the project involves the construction of a new high-speed fibre optic telecommunications link between Perth and Melbourne via Adelaide.
Aimed at wholesale and corporate customers, the link will create an alternative east-west broadband link across the Australian continent, which is currently served by Telstra and Cable & Wireless Optus.
The stage one construction of the Melbourne - Adelaide link is near completion and is due to be operational in May 2001.
Amcom said the project will provide a terrestrial link between domestic customers on both side of Australia, and offer links between the eastern seaboard and the Pan Asian region, and between the Pan Asian region and the US.