The City of Beaumont is finalizing details to host a broadband network connecting residents and businesses to the fastest internet infrastructure available commercially in the world.
Following a competitive Request for Proposal process that closed in June, the city has selected a consortium led by Meridiam and Digital Infrastructure Group as the preferred proponent to finance, construct, own, operate, and maintain the network in collaboration with Beaumont. The proponent will manage the planning and construction of the network with an added focus on Environmental, Social, and Governance (ESG) goals.
The network will be constructed on an open-access basis, providing a level playing field for retailers to compete and offer telecommunications services to residents and businesses. Once installed, the network is designed to support internet speeds of up to 10 Gigabits per second.
Construction will begin pending finalization of project terms and weather conditions.
City of Beaumont
Meridiam was founded in 2005 by Thierry Déau with the belief that the alignment of interests between the public and private sector can provide critical solutions to the collective needs of communities. Meridiam is an independent investment Benefit Corporation under French law and an asset manager. The firm specializes in the development, financing, and long-term management of sustainable public infrastructure in its core sectors: mobility, energy transition and environment, and digital and social infrastructure. With offices in Addis Ababa, Amman, Dakar, Istanbul, New York, Luxembourg, Paris, Toronto and Vienna, Meridiam currently manages US$18 billion and more than 100 projects and assets to date. Meridiam is certified ISO 9001: 2015, Advanced Sustainability Rating by VigeoEiris and applies a proprietary methodology in relation to ESG and impact based on United Nations’ Sustainable Development Goals (SDGs).
About Digital Infrastructure Group
Digital Infrastructure Group specializes in the development, financing, building, and operations of infrastructure projects in partnership with communities across Canada and the United States.