17 Dec 2012

Greens want 2nd internet cable revived

1:06 pm on 17 December 2012

The Green Party wants to revive plans for a second internet cable system to New Zealand.

Green co-leader Russel Norman.

Green co-leader Russel Norman. Photo: RNZ

In August, Pacific Fibre dumped its plans for such a cable, saying it could not raise the funding required.

Green co-leader Russel Norman said Government investment in a second internet cable system, supported by smarter Government procurement policies, would lead a step-change in the IT economy.

He said the Government could take a cornerstone investment in the cable for about $100 million.

Commercial returns would be expected from that investment.

Dr Norman said the money could come out of existing infrastructure spending. For example, he said that 0.8% of the budget for building motorways would cover it.

Dr Norman said the proposal will be incorporated into policy for the 2014 election.