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- 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.