Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: FRIDAY, June 8, 1990 TAG: 9006080284
SECTION: BUSINESS PAGE: B5 EDITION: METRO
SOURCE: George Kegley
DATELINE: LENGTH: Medium
A major part of the spending will be expansion of the company's fiber-optic network, said Don Reid, Roanoke C&P manager.
Construction spending in the Western area will be $39.6 million, up from $38.5 million. C&P's total construction budget for the state will be $391.2 million, down from $413 million.
More than 57 miles in new underground fiber routes will be put in service in Western Virginia this year at a cost of more than $1.9 million, he said.
Since Roanoke has many fiber routes now, only 5.9 miles will be added from the Luck Avenue office at a cost of $60,000.
The largest addition in the area will be the completion of 77 miles from Narrows in Giles County to Rosedale in Russell County at a cost of $1.9 million over two years.
C&P eventually will complete alternate fiber-optic routes from Roanoke into far Southwest Virginia and through West Virginia to Washington, D.C., he said. Another alternate route, for use when a line has problems such as a fiber cut caused by construction, will be from Roanoke through Lynchburg and Richmond to Washington.
The installation of the hair-thin glass fiber lines will enable C&P to offer high-speed voice, data and video messages to businesses and homes, Reid said.
C&P said it paid $105.6 million in federal taxes and $56.9 million in state and local taxes in 1989. Governments in the Roanoke area collected $1.9 million from C&P in property taxes, $175 in miscellaneous license taxes and $497,794 in gross receipts taxes, for a total of $2.4 million.
C&P also collected more than $97.9 million in excise taxes for the federal, state and local governments, as required, Reid said.
by CNB