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SiFi Networks, the company behind the build, said the fiber network will be completed at no cost or risk to taxpayers, according to a statement from the company.

More than 50,000 residents, businesses, and institutions will be connected to high-speed internet when a new $70 million privately-funded open access network project is completed in the Michigan cities of Farmington and Farmington Hills.

SiFi Networks, the company behind the build, called the Farmington Area FiberCity project, said the fiber network will be completed at no cost or risk to taxpayers, according to a statement form the company.

The open-access network, which SiFi Networks said will have speeds of 10 gigabits per second, will allow for fiber infrastructure to be shared by multiple service providers, SiFi Networks said, which will promote competitive prices to the consumer.

City of Farmington Hills Mayor Vicki Barnett said the collaboration will allow residents and businesses “to have more freedom of choice when it comes to internet providers,” according to SiFi’s announcement.

Sara Bowman, mayor of Farmington, said she’s happy that her city has collaborated with SiFi Networks and Farmington Hills.

“This fiber internet Open Access network will connect us to opportunities, knowledge, and each other like never before,” she said. “Today, we pave the digital path to progress.”

Marcus Bowman, the community relations manager for SiFi Networks, said the partnership between Farmington and Farmington Hills showcased the power of two communities coming together for the shared goal of increased connectivity.

“SiFi Networks is delighted to make the long-term investment in the Farmington area because we see how fiber networks transform communities into hubs of innovation, remote work, better healthcare, and smart city services,” he said. “With FiberCity, Farmington Hills and Farmington will truly become 21st century cities.”