$18.2 billion from this year’s Budget will be invested into the the rollout of the National Broadband Network over the next four years.
$18.2 billion from this year’s Budget will be invested into the the rollout of the National Broadband Network
over the next four years.
According to a media release from the Federal Government, “the NBN is the largest nation-building project in Australia’s history and will deliver affordable, high speed broadband to every home, business, school and hospital. It will drive the economy for decades to come and ensure Australia can take advantage of the economic and social opportunities the digital economy will deliver.”
The Government will also provide $34.4 million over the next five years for the Department of Broadband, Communications and the Digital Economy to provide information to:
- Provide information to consumers and small businesses about the NBN rollout and help them transition from the copper network to the fibre network
- Provide technical and policy advice to Government on the implementation of the policy objectives
- Establish a new USO entity and legislative scheme for the changes to the Universal Service Obligation arrangement
Meanwhile, $7.2 million will be given to the Australian Communications and Media Authority to help develop standards and codes to facilitate the rollout.