Slovenian Launches €200m Broadband Investment to Boost Rural Internet

By , 16 Jul 2019, 12:33 PM Business
Slovenian Launches €200m Broadband Investment to Boost Rural Internet Pexels CC-by-0

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STA, 15 July 2019 - In the next three years, some EUR 200 million will be invested in the building of broadband optical networks in rural parts of Slovenia as part of the RUNE project, co-funded by the EU and the European Investment Bank (EIB).

The Rural Network Project will be launched this year and will bring internet speeds of up to 10Gb/s to rural households, according to RUNE Enia, the company in charge of the investment in Slovenia.

The project, which is also being launched in Croatia, is co-funded by the Connecting Europe Broadband Fund (CEBF) set up by the EU and the EIB in order to help fund commercial investments. RUNE investment in Croatia is somewhat lower than in Slovenia, at EUR 50 million.

According to the European Commission's web site, the goal is to generate between EUR 1 billion and EUR 1.7 billion investments by providing EUR 500 million in incentives.

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