We use Cookies. Read our Terms
- Operations
- Sea Cable Telecommunications Project.
Sea Cable Telecommunications Project.
Cabo Verde
| Borrower | Cabo Verde |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Telecom |
| Approved | 05.09.1994 |
| Signed | 07.10.1994 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | Ministry of Transport, Commerce and Tourism. |
| Co-financiers | Gov't of Austria, Cape Verde |
| OPEC Fund Contribution (US$m) | 3.00 |
| Total Project Cost (US$m) | 11.41 |
The primary objective of this project was to develop a telecommunications network connecting all of the outlying islands to help facilitate rural development and boost tourism revenues. Some 557-km of submarine optical fiber cables were installed.