Aussie investment firm Palisade buys into Hawaiki
Australian infrastructure investment firm, Palisade Investment Partners, will take a "significant" ownership interest in the Hawaiki cable.
Australian infrastructure investment firm, Palisade Investment Partners, will take a "significant" ownership interest in the Hawaiki cable.
The US$300 million, 15,000km Hawaiki submarine cable linking Australia, New Zealand, the Pacific and United States has gone into commercial service after a 27 month construction by TE SubCom.
Hawaiki Submarine Cable and its main supplier, TE SubCom, say they have completed the survey of the cable’s 14,000km route and the project remains on schedule for completion in mid-2018.
Construction of the 14,000 kilometre Hawaiki submarine cable that will link New Zealand to Australia, Hawaii and mainland United States has started with a ground breaking ceremony at Bream Trail Farm, Mangawhai Heads, Northland attended by NZ prime minister John Key and communications minister Amy Adams.
One Nation Senator Pauline Hanson has called on the Australian government to back the extension of the Hawaiki Cable to Norfolk Island.