EASSy completes funding

5 Sep 2007

The East Africa Submarine System (EASSy) undersea cable network has secured USD30 million of funding which completes its financing. The 27 member companies and seven international financial institutions which make up the EASSy project have committed USD205 million towards the projected overall cost of USD235 million. EASSy project co-ordinator John Sihra told East African Business Week that the deployment is on schedule to be completed by end-2008. The 9,900km cable will connect countries along Africa’s east coast between South Africa and Sudan.