World Bank stumps up USD5m for rural telecoms project

The World Bank’s board of directors has approved the extension of Nicaragua’s Rural Telecommunications Project, with an additional credit line of USD5 million. The funding will be used to expand telecoms access to more than 200,000 rural inhabitants in Rio San Juan, the Region Autonoma del Atlantico Norte (RAAN), the Region Autonoma del Atlantico Sur (RAAS) and the Alto Wanki Territory. The rural initiative, which was introduced in 2007, with an initial investment of USD7 million, has already installed broadband access points in 101 municipalities, expanded mobile phone coverage to 37 rural communities, and installed almost 600 public phones in rural areas.

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OVETEL World Bank stumps up USD5m for rural telecoms project