Agriculture approves $18 million for rural broadband loans
- By Mary Mosquera
- Jul 27, 2004
The Agriculture Department will award $18 million in broadband loans for New Hampshire, New Mexico and Oklahoma to expand the availability of high-speed technology in rural areas.
'Advanced high-speed Internet technology will enable rural Americans to access more information to improve educational, health and business opportunities," said Agriculture secretary Ann Veneman.
Agriculture has already awarded more than $230 million in rural broadband loans this year.
The funding provides loans and loan guarantees for the construction, improvement and acquisition of facilities and equipment for broadband service in eligible rural communities.
Priority is given to applications that propose to serve areas where no residential broadband service exists.
This latest funding provides: $11.4 to Yucca Telecommunications in New Mexico to purchase network and access equipment and also provide for outside plant construction$2.9 million to Vidia Communications Inc. in Oklahoma to upgrade an existing cable television system to a Hybrid Fiber Coax network and provide for construction of 106 miles of fiber-optic/coaxial plant$3.8 million to Merton Capital LLC in New Hampshire to construct fiber-to-the premise broadband systems and deploy 99 miles of new fiber cable.
Mary Mosquera is a reporter for Federal Computer Week.