PATRIZIA Infrastructure has started construction on the latest FiberCity network project within its Smart City Infrastructure Fund (SCIF).
Rancho Cordova FiberCity in California has been enabled through a funding agreement of $63 million with SCIF, an innovative investment vehicle funded by Dutch pension fund manager APG and managed by PATRIZIA Infrastructure.
The fiber network is being delivered by SiFi Networks, a privately owned telecom company in North America. When complete, Rancho Cordova FiberCity will provide 10 gigabit enabled speeds to more than 35,000 residents and businesses in the city. Rancho Cordova is the fourth city in California to be in active construction of a SiFi Networks’ FiberCity network. The first customers will be connected to the network later in 2022.
Rancho Cordova is the fifth U.S. city to benefit from the partnership between SiFi Networks and SCIF.
SCIF was established in November 2018 and targets investments that enable
