Kentucky Governor Steve Beshear announced the creation a new public-private partnership to support the development of a statewide, fiber broadband infrastructure with a focus on supporting economic and social prosperity across the commonwealth. The ambitious initiative would provide the entire state with high-speed internet – with the first components scheduled to be operational in less than two years. When completed, the more than 3,000 miles of fiber will be in place across the state. Overall, the project is estimated to cost between $250 million to $350 million over the next 30 years, and will be supported by approximately $30 million in state bonds and $15 million to $20 million in federal grants.