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Seychelles East Africa Submarine Cable

Region
Eastern Africa
Sector
ICT
Scope
DG
Grant Amount
EUR 4,000,000
Total project cost
EUR 26,600,000
Status
Under disbursement
PFG Lead Financier
EIB

The Seychelles East Africa Submarine (SEAS) cable will have a length of almost 2000km. It will link directly into a landing station of ZANTEL in Dar es Salaam (Tanzania), from where other international fibre systems can be accessed. SEAS will have an initial equipped capacity of 20 Gbps and a final design captacity of 320 Gbps. Project implementation will take between 1.5 and 2 years.

The ITF grant contribution will finance  the Government’s equity stake in the cable company, the Seychelles Cable Systems (SCS), which is held by the two main telecom operators in the Seychelles and the Government. Without this grant contribution the project would not be financially viable. This equity stake will benefit from a statutory dividend of 3% p.a. which will be used to provide free access to schools, hospitals and other social services.

_________________________

Letter from Mr. James MICHEL, President of the Republic of Seychelles to H.E. Baroness Catherine ASHTON, High Representative of the European Union for Foreign Affairs, Vice President of the European Commission, in which mention is made to the Seychelles East Africa Submarine Cable Project.