Kazakhstan Names Investment Plans With Azerbaijan For Fiber-Optic Line Project
Date
6/20/2024 1:06:23 AM
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, June 20. Investments by
telecom operators in Kazakhstan and Azerbaijan in the project of
laying a fiber-optic communication line along the bottom of the
Caspian Sea will amount to more than 23 billion tenge (about $50.8
million), said the Minister of Digital Development, Innovation, and
Aerospace industry of Kazakhstan, Zhaslan Madiev, at a government
meeting, Trend reports.
"The National Project proposes the implementation of numerous
measures to develop the Digital Silk Road. These include the laying
of a fiber-optic communication line along the bottom of the Caspian
Sea, with a length of 370 kilometers. Investments by telecom
operators in Kazakhstan and Azerbaijan will amount to more than 23
billion tenge. Today, between Kazakhtelecom and AzerTelecom, a
joint venture has been created, and a tender to select a contractor
for the design and installation of an underwater fiber-optic line
is being completed," Madiev said.
Also, according to him, a national West-East hyperhighway will
be constructed, increasing transit traffic through the territory of
Kazakhstan. At the same time, a data processing center of at least
Tier III level will be built to store transit and international
traffic.
"Freedom Telecom LLP submitted a proposal for these two items.
Own investments in the hyperhighway will amount to over 17 billion
tenge (about $37.5 million) with a deadline until the end of 2025,
and in the construction of a data center, more than 90 billion
tenge (about $199 million) with an implementation period until the
end of 2027. The implementation of all these measures will provide
an alternative route for international data transit and attract
BigTech companies (Google, Amazon, and Microsoft) to the market,"
he said.
Meanwhile, AzerTelecom and Kazakhtelecom, the leading
telecommunications companies of Azerbaijan and Kazakhstan, signed a
strategic partnership memorandum on the project of laying a
fiber-optic cable line along the bottom of the Caspian Sea as part
of the "Digital Bridge" international technological forum held in
Astana in September 2022.
The document envisages a strategic partnership between the two
operators within the framework of the Trans-Caspian Fiber-Optic
cable project on the Azerbaijan-Kazakhstan route. The Trans-Caspian
Fiber-Optic cable project is part of the large-scale "Digital Silk
Way" project, which provides for the formation of a digital
telecommunication corridor between Europe and Asia.
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