Fixing fibre optic cable to cost $2B

Remedial works on the botched project to run a fibre optic cable from Brazil to Georgetown have begun and true to experts’ predictions it will cost about another $2 billion to fix what has already been done to the value of $1 billion.

20110219Dax
2011 File Photo: Contractors from Dax Engineering laying the fibre optic cable at the Wisroc Junction, Linden, Region 10

“We have started the job about two weeks now and we are going with it …It will cost somewhere there about US$10 million,” F Mohammed , who is Chief Executive Officer of Dax Engineering , the company undertaking the rehabilitation works, told Stabroek News last Thursday, in an interview.

Head of the Presidential Secretariat Dr. Roger Luncheon, last Wednesday, disclosed that rehabilitative works have