Peterborough is to become a "gigabit city" following the announcement of new fibre infrastructure in the city by CityFibre.
The £30m investment will see homes and businesses in the city gaining access to connection speeds as fast as 1Gbps, after 90km of fibre optic cables were laid around Peterborough's key business districts. Further to that, community buildings such as libraries and schools will also be connected.
Councillor Marco Cereste, leader of Peterborough City Council, said the private investment from CityFibre would help the city establish itself as a technology hub for business. "CityFibre has selected Peterborough because of our fast-growing economy. It means the city will have a future-proof fibre network positioning ourselves at the forefront of the UK's digital economy," he said.
"The council will be able to make further efficiencies by using the fibre network and save money to invest in front-line services. CityFibre's investment will allow businesses of all sizes to utilise the internet for growth, as well as attracting new companies from the technology sector and allowing more people to run businesses from their own home."
The price of entry onto CityFibre's network will start from £25 per month for home users, which will grant access to 500Mbps speeds, while £50 per month would double that to 1Gbps. Businesses looking for the same service will pay £50 and £100 for the respective speeds.
The council has estimated that the provisioning of CityFibre services could save up to £4.5m over the course of the deal, through efficiency increases in services such as CCTV monitoring. Parts of the network will go live in summer 2014, while the completion of the network is expected in April 2015.
Earlier this year it was announced that BT would be adding its own superfast broadband to Peterborough and surrounding Cambridgeshire, with all residents promised 2Mbps by 2015 and 90 percent expected to see speeds of at least 24Mbps.
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