It is estimated that productivity and efficiency benefits of Ten Gigabit Adelaide could range from $16m to $76m per annum
Australian internet provider TPG Telecom has been tasked with the delivery and installation of the fibre optic infrastructure that will deliver “lightning fast” data speeds to the city of Adelaide.
Known as the Ten Gigabit Adelaide project, it will see up to 10Gbps data transfer capability made available to businesses throughout the central business district and along the main commercial strips in North Adelaide.
TPG, which has been named as the ‘official network provider’, will begin to progressively roll-out the network from early 2018. It will also provide access to a range of cloud-based high-performance services.
According to Mark Goldstone, chief executive officer, city of Adelaide, the council’s administration has been working on the initiative for more than two years.
“It provides the backbone for a wide range of smart city projects to be carried out far more efficiently – and savings made in this area will free up funds to spend on other services and public infrastructure,” he said.
“It will reduce current and future costs of council’s own communication requirements and provide an ongoing revenue stream for council to generate vital funding for other key services and projects for the community.”
In a recent independent report, the South Australian Centre for Economic Studies puts the quantified productivity and efficiency benefits of Ten Gigabit Adelaide in the range of $16m to $76m per annum.
It is estimated that Ten Gigabit Adelaide could generate between 1,400 and 2,500 jobs over the first six years of the fibre infrastructure’s life. Some 40 FTE jobs per year will be created during the construction period alone.
“This technology will be a game changer for the city of Adelaide. It will be a boom for local businesses and other organisations but will also attract business from interstate and across the globe,” added Martin Haese. Adelaide’s lord mayor.
“Adelaide is consistently ranked the fifth most liveable city in the world and, in addition to our comparatively affordable cost of living, we will soon have a technological advantage which will make us an even more compelling place to set up a business or regional headquarters.”
There will be no charge for the installation of a Ten Gigabit Adelaide access point in buildings – this is being provided free of charge by the city and TPG. The cost for accessing the individual services will be considerably less than what is currently on offer in the marketplace – resulting in substantial cost-savings for businesses and organisations, the partners claim.
Businesses that connect to the network will be able to choose from the latest and proven business data capabilities, applications and services including business-to-business connectivity, secure corporate network links, voice and video communication systems, high speed and direct internet connection and direct cloud connectivity.
Interstate and offshore organisations that require ultra-fast data speeds are also being targeted by the city to consider operating in the best and most cost-effective city to do business. This in turn will help to retain and attract new businesses, create jobs, drive innovation and investment and general huge economic, social and financial returns for the city.
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