FEPL reveals details of WA and NT US$1.5bn Project Koete
Fiber Expressway Pty Ltd has announced Project Koete which includes a high-speed low-latency subsea cable connecting with three data center hubs in Perth, Darwin and Dampier.
March 12, 2021
Fiber Expressway Pty Ltd (FEPL) has unveiled the details of Project Koete, a first-of-its-kind US$1.5 billion technology ecosystem in Western Australia and Northern Territory.
Project Koete will provide vital data and Internet connectivity domestically between Perth and Darwin, while directly connecting the cities and territories to international business hubs in Malaysia, Singapore, Indonesia, Japan and beyond in Asia Pacific and worldwide.
It will be a major drawcard for attracting multinational businesses to the region and will boost digital investment, particularly from the natural resources, finance and cloud computing industries.
The project includes a 10,000-kilometer, carrier-neutral, high-speed low-latency subsea cable connecting with three data center hubs in Perth, Darwin and Dampier and seven cable landing stations (CLS) between Perth and Darwin. The cable will be 5G enabled with the inclusion of 16 fiber pairs.
This ecosystem will also facilitate onshore connectivity for remote indigenous communities and mining industries and provide mobile operators with a solution to challenge the monopolistic services that exist North of Perth. Koete is expected to bring hundreds of jobs and hundreds of millions of dollars to the region, while offering unparalleled connectivity to the oil and gas fields off north-western Australia.
The project is being primarily funded by approximately US$650 million in senior debt and US$850 million in equity, both of which are in progress and open for new investors.
“This will be the most significant technological investment Western Australia and the Northern Territory have ever seen,” said Gary Kennedy, FEPL’s onboarding CEO.
“As the economy increasingly digitizes, this investment signals to Australia, Asia Pacific and the rest of the world that this region is ready to become a digital hub. The ecosystem will support the region’s most significant developments, including the enhanced digitization of oil fields supporting next-generation digital infrastructure including IoT, Artificial Intelligence and even support the monitoring of underwater seismic activity to help predict tsunamis, maritime activity and its impact on global warming and water temperature and level.”
Project Koete will offer less than half of the latency in connection to Asia compared with a Sydney-to-Singapore connection, according to FEPL Group Managing Director Peter Bannister. He also sees huge environmental benefits from the project, as the rollout links to a number of renewable energy projects across the region.
“We’re partnering with wind, solar and, in the longer term, ocean and clean hydrogen providers to satisfy the need for 100% renewable energy access over time,” said Bannister. “We’re targeting 30 plus years’ scalability assuredness, enabling customers to plan for decades, not just years. By working with our global partner network, we’re confident Project Koete will be delivered under world-leading governance and rule-of-law standards.”