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Apex Trader Funding - News

Arvig to Invest Line Extension Grant Funding in Rural Fiber Expansion Projects

PERHAM, Minn., May 07, 2024 (GLOBE NEWSWIRE) -- Arvig has been awarded grant funding from the Minnesota Office of Broadband Development's Broadband Line Extension Connection Program to construct last-mile fiber network infrastructure for high-speed internet to 69 unserved locations.  Arvig was awarded grants totaling $543,244 from the program after submitting successful lowest-cost bids to provide fiber to the locations. Total project funding is $612,244, with Arvig investing $69,000 to cover additional project costs. The 69 unserved locations consist of seven projects in these areas:  Rural Callaway along 260th Avenue Along State Highway 210 east of Henning in Otter Tail County Rural Rochert, including Cotton Lake and the west side of Height of Land Lake Along U.S. Highway 59 and Tee Lake Road south of Detroit Lakes Rural Frazee along 360th Avenue Construction on some projects could begin as soon as May 2024, with work projected to finish by May 2025. The program requires locations to be served with internet speeds of at least 100Mbps download and 100Mbps upload. Arvig ...