TRACADIE CROSS, P.E.I. —
The federal government and the province announced a $74 million project today in Tracadie Cross that will provide Island-wide internet service by 2021.
The project will see about 30,000 Island residents and businesses, almost all of whom are in rural parts of the province, gain access to internet that is in many cases 10 to 50 times faster than what is currently available.
The federal government will provide $33 million, the internet service providers will provide $37 million and the province will invest $3.5 million.
Bell Canada and Xplornet will carry out the project using a mix of fibre to the home and wireless broadband technology.
The province is finalizing agreements with both companies for service delivery and funding dispersement.
The funding contract will stipulate that funding will only be dispersed as construction and performance milestones are met. Their progress will be closely monitored by the province.
It is expected that close to 6,000 homes will gain access by the end of 2019, with another 15,000 in 2020 and 9,000 in 2021.
In addition to the funding announced today, the province will invest an additional $10 million over the next five years to carry out further improvements to internet service for communities and businesses across the province.