The $2.4 billion equity injection is part of more than $45 billion of so-called “off budget” investments that Labor says won’t detract from the budget bottom line.
The Albanese government is promising to expand the National Broadband Network’s full-fibre access to 1.5 million homes and businesses by 2025, to deliver on a $2.4 billion commitment it made during the election campaign.The equity investment is part of more than $45 billion of so-called “off budget” investments that Labor says will not detract from the budget bottom line.
Nevertheless, the investment will add to the government’s gross debt and require borrowing at an interest rate of about 4 per cent., offshore wind, the Marinus Link from Tasmania across the Bass Strait and a transmission line.
Prime Minister Anthony Albanese said: “This is the NBN Australians voted for and it is the NBN my government is delivering. “I want to bring Australians together and we’re doing that by better connecting neighbourhoods and communities.”would cut the cost of high-speed broadband for businesses and consumers and phase out unpopular capacity charges for lower speed plans from next year.NBN legislation requires a Productivity Commission inquiry into “regulatory, budgetary, consumer and competition matters” before any sale.
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