Equinix today announced plans for its third international business exchange in Sydney.
The datacentre, aptly named SY3, is expected to open in autumn 2011 and is estimated to cost US$65 million, or just over AU$74 million at the current exchange rate.
Initially, the new centre will add 1000 cabinets to Equinix's two existing datacentres in Mascot, SY1 and SY2, which opened in February last year.
With SY1 and SY2 performing strongly, Equinix managing director Darren Mann said the new centre was needed to meet local demand for co-location and interconnection services.
"Our second Sydney IBX datacentre (SY2), which officially opened in early 2009, has filled ahead of our expectations. We are confident that this new capacity offering will also result in similar strong demand from both local and multinational corporate, government and financial services entities that leverage the Sydney metropolitan area as a key location for business."
SY3 will be located about 1.6 kilometres away from the other two centres and will have capacity for "more than 3000 cabinet equivalents" when the project is fully built. The new centre will support a standard power density of 4kVA per cabinet and will be connected to both SY1 and SY2 by fibre.