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With Chinese money, Solomon Islands to build Huawei towers – South Sudan

News Snapshot:

The Solomon Islands announced on Thursday that it signed an agreement with a Chinese bank to build broadband infrastructure in the country. The Solomon Islands National Broadband Infrastructure Project (SINBIP) has signed an agreement with China Harbour Engineering Company Limited to build up to 161 Huawei towers, an official statement said. It added that the SINBIP will be “fully funded with a 20 years term concessional loan of approximately CNY448.9 million (around $100million) from the Exim Bank of China at one per cent (1.0%) interest rate.” The work is expected to commence early next year, subject to the signing of…

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