Money arrives to fund Coast's submarine cable study
FEDERAL funding has been delivered for a feasibility study into bringing a submarine internet cable to Coast.
Member for Fairfax Ted O'Brien and Minister for Communications Mitch Fifield have signed a $250,000 funding grant for the project.
It will be managed by Sunshine Coast Council, which has already started the tender process for a company to provide a business case and feasibility study.
Private investment will be required to build a cable.
Mr O'Brien promised funds for the feasibility study during last year's election campaign.
He said the money's arrival was a milestone in the submarine cable process.
"The opportunities that an optic cable could open up for not only the Sunshine Coast but all of south-east Queensland are profound," Mr O'Brien said.
He said the University of the Sunshine Coast, the new Maroochydore CBD and the Sunshine Coast University Hospital would be among the beneficiaries.
"We can open up new commercial opportunities with new technology start-ups that can be born on the Sunshine Coast."
Mr O'Brien hoped the funding would inspire the council engage private investors to build the cable.
He anticipated the chosen consultant would have the study completed before the end of the year.