A company hoping to build a US$350 million submarine internet cable out of New Zealand is eying up Whangarei as its landing site.
Auckland-based Hawaiki Cable is planning to build an internet link between New Zealand, Australia, Hawaii and the US west coast and said today that the system could be operating within two years.
According to plans aired last year, the main cable would also have branches running to Norfolk Island, New Caledonia, Vanuatu, Fiji, Wallis, Samoa and American Samoa.
In a statement today, Hawaiki Cable says it has signed a memorandum of understanding with the regional economic development body Northland Inc to land the cable in Whangarei.
While Hawaiki has committed to landing the proposed cable in this location, Northland Inc will "aid both the landing and the funding of the cable, including sourcing local investors and promoting funding through the Northland Regional Council's Investment and Growth Reserve".