is a communications highway which links Europe to Eastern Asia and once this project is officially inaugurated, Iran will be upgraded to Tier2 level (Internet service provider) from the current Tier3 level (Internet service consumer)," Deputy Head of Infrastructure Communications Company Mehdi Karimi Neyestani told FNA at the time.
will span 7,000km and investments of consortium members will amount to around $200 million.
Al Sharq is a major shareholder in an Egyptian constortium called EPEG
, which is having the second phase of the Arab Gasline built.
He reiterated that with the implementation of EPEG
project before the end of the current Iranian year (on March 20, 2013), Iran will turn into an Internet service provider from the current Internet service operator.
One of the major benefits of the EPEG
system will be offering a major alternative cable route from the region to Europe.
The $250m pipeline will be built on BOOT for an Egyptian group called EPEG
comprising Egas, Gasco, pipeline contractor and EGPC/Egas affiliate Petrojet, and EPC contractor Engineering for the Petroleum & Process Industries (Enppi) which is another affiliate of EGPC and Egas.
system will provide a major alternative cable route from Oman to Europe.
It is also said that EPEG
will engage a combination of overland and underwater deployments, and is planned to provide an alternative route to the Red Sea systems for increasing data traffic from the MENA region, central Asia, Russia and Europe.