Rindge secures bond to fund construction for broadband internet infrastructure

  • Staff photo by Ben Conant

Monadnock Ledger-Transcript
Published: 7/22/2020 4:19:19 PM

Rindge has secured the bond to fund construction of new broadband internet infrastructure, with construction slated to start in August.

Rindge Selectman Bob Hamilton said Monday that the 20-year bond has been secured at a 2.04 percent interest rate.

“The numbers are very favorable,” said Rindge TelTech Committee Chair Phil Motta, who said the final steps in the process were being finalized this week. “We’re just about there.”

Construction on the fiber internet network is expected to begin within 30 days of securing the bonding, and is on track to begin in August.

“We’re ready to go,” Hamilton said.

The bond will cover $2.6 million, or Rindge’s portion of the cost of the build-out. Consolidated Communications, who won the contract for the build, is expected to contribute a further $2.5 million in equipment. The bond is expected to be paid back through a capped user fee for those who sign up for the broadband, not through taxes.

Currently, only about 7.76 percent of Rindge households have access to broadband internet – defined as at least 25 megabits of download speed and 3 megabits of upload speed. Following the Consolidated Communications buildout, every address would have access to up to 1 gigabit of speed for both download and upload.

Hamilton said the town is on the cusp of signing the final contract for the infrastructure build-out with Consolidated Communications, with the contract under final review.

Selectwoman Roberta Oeser said some issues are still being discussed. In particular, she said, the cost of extending service down town roads that currently don’t have a copper conduit to run the fiber through. That applies to two roads in town, Farrar Road and Meadow View Road. Oeser said while it is reasonable to require homeowners to cover connection costs from the street to their homes, the cost to run fiber down the roads themselves should fall to Consolidated Communications. Oeser said she would like those issues clarified, before the town solidified its contract with Consolidated Communications.


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