Iceland Government Allocates 3.3 Million US Dollars To Speed Up The Construction Of Optical Fiber In Rural Areas

- Jun 16, 2020-

Iceland Government Allocates 3.3 Million US Dollars To Speed Up The Construction Of Optical Fiber In Rural Areas

 

According to the website of the Icelandic Ministry of Transport and Local Government on June 15th, the Minister of Transport and Local Government Johanson (Sigurdur Ingi Jóhannsson) today announced that it will allocate 443 million Iceland Kronor (ISK, about 3.3 million U.S. dollars) to support the nation’s Rural optical fiber construction. Among them, 317.5 million (about 2.35 million US dollars) was allocated to local governments, and 125.5 million ISK (about 950,000 US dollars) was allocated to emergency hotlines for laying fiber optic cables and building telecommunications infrastructure outside the market area.


Iceland Government Allocates 3.3 Million US Dollars To Speed Up The Construction Of Optical Fiber In Rural Areas

This appropriation is part of the government’s temporary special investment in response to the new crown epidemic to offset the economic impact of the epidemic. Minister Johansson said: Iceland is currently unable to achieve the goal of providing optical cables in all rural areas of the country. This additional funding will accelerate the advancement of rural optical fiber projects, which will help improve the quality of life of residents, create jobs, and enhance the competitiveness of the entire country.