Altitude Infrastructure wins US$640 million broadband PPP in France
This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.
Haute-Garonne Numérique, the government agency in charge the deployment of very high speed broadband in Haute-Garonne, a department in south-west France, has chosen Altitude Infrastructure to deploy a fiber-to-the-home (FTTH) network throughout its territory by 2022. Following installation, the company will manage the network for 20 years.
The network will cover 280,000 premises in the department, excluding the Toulouse Métropole, Muret, Plaisance-du-Touch and Ramonville-Saint-Agne zones.
Following commercial close, which is expected in May, Atitude Infrastructure will be contracted to deploying 278,000 catches by May 2022. 10,000 will be built by the end of May 2019, 108,000 by May 2020 and 217,000 by May 2021. The company will be subject to heavy penalties should it not meet these deadlines.
The total cost of the project is EUR515 million (US$637.4 million), which includes EUR31 million (US$38.4 million) to be provided by Haute-Garonne Numérique, the Occitanie/Pyrenees-Mediterranean regional government and the French government.
This win brings Altitude's contracted fiber outlets to nearly three million.
This project aligns with recent efforts within the department to meet the needs of individuals and businesses that currently do not benefit from good internet connection. A hundred or so radio ramp-up projects were launched in 2016-2017 to provide a minimum bandwidth of 30 Mb/s to some 25,000 premises.
It also aligns with a nationwide movement to improve broadband connection all over France: the Very High Speed Plan (Plan France Très Haut Débit), launched by the French government's Digital Agency (L'Agence du Numérique) in 2013.
The main objective of the plan is to bring very high-speed broadband service to every home, business and government office in France by 2022. The agency plan to invest EUR20 billion (US$24.6 billion) in its implementation over a 10-year period through private service providers, local authorities and the government.
Country news
-
-
April 16, 2018
Bouygues wins US$350 million university project in Paris
A project company led by Bouygues Construction has signed a public-private partnership contract for the design, construction, operation and maintenance of a future Biology-Pharmacy-Chemistry (BPC) Centre with Paris-Sud University. The design-build contract is worth EUR283 million (US$348.9 million).
Read more -
March 20, 2018
Covage secures US$225 million financing for broadband PPP in France
Covage has announced that it has secured a debt financing package of EUR183 million (US$224.83 million) for its fibre-optic network project in the south of France. As reported on this platform, the telecoms company was awarded the contract to design, install, operate, commercialise and finance a Very High Speed (THD - très haut débit) broadband network in the department of Hérault earlier this year.
Read more -
March 08, 2018
Atlantia announces US$1.3 billion acquisition of Eurotunnel stakes
Atlantia has announced that it has reached an agreement for the acquisition of 100% of the share capital of Aero 1 Global & International S.à.r.l., an investment vehicle fully controlled by funds managed by Goldman Sachs Infrastructure Partners which owns 85,170,758 shares in Groupe Eurotunnel S.E (Getlink), representing 15.49% of the share capital and 26.66% of the voting rights of the company, based on the numbers published by Getlink on 16 February 2018.
Read more -
March 01, 2018
Arnaud Quémard new Managing Director of Abertis’ French subsidiary
The Board of Directors of Sanef, Abertis’ French subsidiary, has approved the appointment of Arnaud Quémard as new Managing Director of the company from the 1st March.
Read more -
February 22, 2018
Covage signs US$490 million broadband PPP in France
The infrastructure operator Covage has signed a PPP contract with the Department of Hérault for the deployment and commercialisation of a fibre-optic network in the areas of the department, located in the Occitanie region in the south of France, not covered by private broadband operators.
Read more
