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Increased broadband access for underserved rural and remote communities
CIB financing will close an infrastructure gap by connecting underserved households.
Fast facts
Broadband service is critical to the daily lives of Canadians. It is essential for our quality of life, connecting us to business, health care, education and to family and friends.
The CIB is collaborating with internet service provider Xplore to accelerate the delivery of high-speed internet projects in rural communities in Newfoundland.
The deployment of new, reliable broadband services will improve many facets of people’s everyday life. It is an absolute necessity for Canadians to fully participate in the digital world.
Benefits of CIB Involvement
Due to the low population density and current lack of broadband infrastructure, the cost of connection per household is very high and not commercially viable. Our innovative solution with low financing rates will allow the project delivery at a quicker pace and lower cost to implement.
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