Construction is now underway on the $6.6 million cable landing station, the major land-based facility for the $35 million Sunshine Coast International Broadband Submarine Cable network.
Basslink, the company that manages the undersea data and power cable that links Tasmania to the Australian mainland, has referred the dispute between it and Hydro Tasmania to arbitration, after dispute resolution procedures failed to resolve the issue.
Infrastructure manager Palisade Investment Partners has taken a significant ownership interest in the Hawaiki Submarine Cable Limited Partnership, with the signing of a binding agreement to become equity partners on Thursday.
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