In July 2014, the MBTA announced that a private company would be building a new network to replace the 2008-built network. The MBTA is not paying for the new network; instead, the company expects to recoup its investment by providing a two-tiered offering. Free limited-bandwidth Wi-Fi will continue to be provided, along with local television broadcasts; a monthly fee will be charged by the company for access to higher bandwidth and other broadcasts, with 7.5% of the fee returned to the MBTA. The new system was to be completed in 2016, with the revenue agreement lasting until 2037.