LEXINGTON, Kentucky, September 21, 2015 – The lieutenant governor of Kentucky, a bevy of state officials and their private sector counterparts here celebrated the finalization of the deal to build a $324 million broadband infrastructure project.
The project, KentuckyWired, is a public-private partnership (also dubbed a PPP) of the state and of the Australian financier Macquarie Capital. It is a 3,400-mile open access “middle mile” network that will span all 120 counties in the Commonwealth of Kentucky.
In planning, financing and negotiating stages for nearly a year, the Macquarie project closed on September 3, 2015. Bonds are set to be issued and construction of the network – albeit in very early phases – has begun.
When completed in 2018, the network will include six fiber rings around regions of the state, and fiber connections to at least one point in every county.
The Kentucky Wired network was the highlight and toast of each of four days at the Broadband Communities economic development conference here.