AUSTRALIA’S most populous state has announced it will build the nation’s biggest network of superfast broadband and wireless hotspots.
Key points:The National Broadline Network (NBN) will be the biggest and fastest in the worldThe $4 billion project is part of a multi-billion investment packageThe project will cost $6 billion and will be built in partnership with private companiesThe Federal Government will also spend $3 billion to fund the projectIn a major speech at the Sydney Metro Rail Corporation’s annual general meeting on Monday, Premier Daniel Andrews said the $4.4 billion National Broad-band Network (BNN) would be the largest in the nation.
The $6.3 billion project will be delivered over a 20-year period to the states.
“This project will deliver a $4,400 per year cost to households and businesses, and will provide a global network that is faster than the fastest networks in Australia today,” Mr Andrews said.
“The new NBN will deliver an NBN that is affordable, fast, and secure.”
With the NBN, we’re not only creating a better network, we are creating a smarter network, and a network that connects people and businesses more seamlessly.
“Mr Andrews said he was confident the NBN would deliver a “comprehensive, cost-effective network for all Australians”.”
It will enable Australians to access their full potential, from home to work, on their mobile phone or tablet, and across the world, without breaking the bank,” he said.’
Budgeting will not be possible’NBN co-ordinator Mike Quigley said the project would be “the most cost-efficient and cost-secure” in Australia.”
We have the capability to build a network with the cost and capacity that we need, the capacity that the NBN needs,” he told the meeting.”
But budgeting will be impossible.
“The project is expected to cost $5 billion, with private partners to cover some of the upfront costs.
The government is also investing $3.6 billion to finance the project, which will deliver the network in partnership at a “multilateral” level with private businesses.”
It’s a multi billion dollar project that will be rolled out by the Federal Government,” Mr Quigleysaid.”
And this is what the Prime Minister said about the NBN before the election, he’s looking at it with the same level of enthusiasm as we do today.
“The Premier said the new network was expected to be built across the states, which would reduce the state’s reliance on its state government for telecommunications infrastructure.”
In some cases, like Victoria, it will be an entirely state-owned network,” he added.”
However, other areas, like NSW, it’s an investment that’s not reliant on state government.”NBN to connect the world’s first-ever high-speed broadband network in MelbourneThe National Fibre Network Agency will be tasked with the implementation of the NBN project, with the goal of “sustaining Australia’s high-capacity broadband network”.
The agency will operate the network across Melbourne, which is home to the world first high-bandwidth, superfast fibre network.”
When it comes to the NBN I want it to be the fastest, the best, and the most cost effective, and I am committed to that,” Mr Turnbull said.
That’s the way it’s going to be.””
The NBN will be funded by the Government’s budget, it won’t be funded through taxpayer dollars,” he continued.
“That’s the way it’s going to be.”
So it will not cost taxpayers anything to build this network.
And the NBN will operate on a bipartisan basis with private industry.
Mr Turnbull also said the NBN was not a federal project, but rather a multi national investment. “
We are investing in the National Broadwave Network and the National Fibregator Agency to support this network to the full,” he claimed.
Mr Turnbull also said the NBN was not a federal project, but rather a multi national investment.
NBN’s first rollout in NSWThe NSW government is to receive $3 million to start work on the NBN in the state.
The project covers a stretch of land between Newcastle and Bondi, stretching from the city of Newcastle to the Port of Bondi.
“To date the state of New South Wales has received more than $200 million in funding to build our first fibre-to-the-node network,” Premier Mike Baird said.
NSW Government says $4bn NBN project ‘a landmark for our state’The Government will spend $4 million in a loan package to finance its first NBN project in NSW.
It will be split between the state and private sector, with $3,200 per household for the first four years, $1,700 for each subsequent year, and $1.50 for each additional household