Hibernia Atlantic has said it will build Project Kelvin's Telehouse at Fort George, in Londonderry.

The company is constructing a new direct telecommunications link to North America, and ILEX, the urban regeneration company in Londonderry.

The new Telehouse forms part of the €30m joint Department of Enterprise, Trade and Investment (DETI) and Department of Communications Energy and Natural Resources (DCENR) direct international connectivity project.

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It has been part financed by the European Union's European Regional Development Fund (through the INTERREG IVA Cross-border programme) and managed by the Special EU Programmes Body.

Economy Minister Arlene Foster welcomed the news. She said: "This decision, the result of the private and public sectors actively working together, is an important milestone in the roll-out of Project Kelvin.

"Hibernia Atlantic now has a very promising location for its Londonderry facility and its position will enhance the attractiveness of the overall Fort George development to both local businesses and potential overseas investment," she said.

"In these challenging economic times it is more important than ever that the private and public sector work together to maximise the benefits of this investment."

(PR/JM)