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Phase 1 & Phase 2 Grant Projects
MIDTEL & Newport Phase 1 & Phase 2 Grant Projects
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Overview - MIDTEL Phase 1 Phase 2 1,651 Units…$6,953,185 Total Project
165 miles Complete…start splicing this week FDA Rack & Stack 50% complete Received 1st reimbursement in early May Phase 2 1599 Units…$8,539,820 Total Project 50% of Final Engineering/Design Complete Starting construction on June 12th
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Overview - Newport Phase 2 255 Census Blocks - 1919 Total Units
281 Fiber Miles 9 Townships in 3 Counties (Herkimer, Hamilton & Oneida) Total Project $11,686,177 Grant Award $9,348,940 25% of Final Design/Engineering Complete Starting construction on June 19th
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Considerations MIDTEL Projects Newport Project
Preparing for Phase 2, with Phase 1 design Quick start…managing cash flow & resources Newport Project Parts of project in ADK Park Buying half interest in poles (over 50% buried) MWBE Challenges * Completing 800 miles and $27M in projects by YE 2018 (+ normal business)
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