Cyprus Commissioner for state aid control Stella Michaelidou announced the approval of a pound 35-million subsidy scheme aiming to create very high capacity network (VHCN) connectivity in mainly rural areas that do not attract private sector interest.
The project, to be implemented by the Deputy Ministry of Research Innovation and Digital Policy, aims to tackle geographical inequalities and the reduced market capacity in terms of availability of broadband internet connectivity in these areas, a press release issued by the Office of the Commissioner said.
Under the project, 44,000 new installations in under-served areas will be covered by super-fast network access, the announcement added.
According to the press release, the project is approved on the basis of the National Recovery and Resilience Plan and will be funded by the EU Recovery and Resilience Facility.
Source: Cyprus News Agency