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Beshear proposal to expand high-speed Internet access to all of Kentucky

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FRANKFORT, Ky. -- Kentucky Governor Steve Beshear proposed a $100 million project Tuesday evening to expand high-speed Internet access to every part of Kentucky.

This is a key part of his budget plan to expand the state's economy.

RELATED: Gov. Steve Beshear touts tax overhaul, expanded gambling during State of the State address 
MORE: Steve Beshear laments effects of government shutdown

He said Tuesday the project would be financed by $60 million in bonds supported by the state General Fund and $40 million of federal and private funds.

Beshear says Kentucky ranks 46th nationally in broadband availability, and 23 percent of the state's rural areas lack broadband access.

He says the goal is to spread Internet access statewide in the next two to three years.

Beshear says the project's first phase will be in eastern Kentucky. It has more areas without Internet access than any other region of the state.

He says lack of high-speed broadband can exclude areas from landing businesses.

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