Australian government to commit extra USD14.3bn to NBN project

21 Nov 2016

The government of Australia has been ‘forced’ to provide a further AUD19.5 billion (USD14.3 billion) in funding towards the construction of the National Broadband Network (NBN), reports The government must provide the extra funds to nbn – the state-owned company overseeing the national rollout – in the form of a loan. In May 2016 the government had estimated that completion of the new network would cost between AUD16.5 billion and AUD26.5 billion.

The coalition government has come under fire for its policy to change the NBN rollout from a predominantly fibre-to-the-home (FTTH) deployment to a multi-technology mix, involving less robust and future-proof standards. The coalition’s initial intention was to cap spending on the network to AUD29.5 billion, however, this contribution is expected to run out in the current financial year, says Communications Minister Mitch Fifield.

Australia, NBN Co