Trevor Veale

Coalition NBN plan out by $12bn, review shows

A REVIEW  of the National Broadband Network says the Coalition's plan will be billions of dollars more expensive than promised before the election.

The strategic review states the Government's proposed fibre-to-the-node-based network would require around $12 billion more than estimated in the Coalition's April 2013 policy.

Communications Minister Malcolm Turnbull said his policy assumed NBN Co was doing better than it actually was.

"We assumed they would be able to meet their forecasts and a year earlier than has been assumed in the study," Mr Turnbull said.

He said the Government would not pay any extra to NBN Co and that the extra funding would come from debt.

Read more at ABC News


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