Northland signs pact to land proposed Hawaiki trans-Pacific cable

Mon, 29 Jul 2013

July 29 (BusinessDesk) - Northland Regional Council’s Northland Inc unit has signed a memorandum of understanding with Hawaiki Cable in a plan to link Whangarei in a Pacific-wide submarine fibre optic cable. Northland Inc, a council unit tasked with growing the region’s economy, will aid the landing and funding of the US$350 million cable in the New Zealand city by sourcing local investors, promoting funding through council, and facilitating the consent process, Hawaiki and the unit said in a statement. “This MoU has the potential to bring...

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