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A key element of Australia’s $5 trillion digital economy is the NBN.
The national broadband network was designed to enable the rollout of fibre-optic lines to deliver faster broadband speeds to the country’s most densely populated regions.
However, it has been plagued by problems in construction, with many of the state and territory governments saying it has not been built to its full potential.
The Federal Government is working to address these concerns, announcing the $9.9 billion NBN Co-op 2020 investment programme last week.
It is a new $20 billion programme which will be funded by the Federal Government to support broadband infrastructure investment in key regional and metropolitan areas, including regional airports and regional rail stations.
The rollout of the NBN Co.
A$1.5 billion National Broadband Network (NBN) will be completed in the 2020-21 financial year.
Key points:NBN Co. chief executive Bill Morrow says the network will be able to support high-capacity broadband networks like those in New South Wales and QueenslandThe program will include funding for state and territories to deliver broadband to their regionsThe rollout is expected to cost an estimated $5 billion, with the Federal government providing $5.8 billion and the states providing $1.3 billion.
The NBN Co CEO says the project will be a major catalyst for the economic growth of the digital era, and the Australian Government will work with other federal and state governments to ensure the NBN is delivered on schedule.
The Minister for Communications and the National Broadcom Networks, Brendan O’Connor, said the NBN will create jobs and boost the economy.
“The NBN will bring about a digital gold mine for our nation and will bring our communities the benefit of faster speeds and lower prices,” he said.
“We will be supporting our cities and states in delivering this vital infrastructure, and providing the funding for them to deliver the infrastructure on time.”‘
High-capacity’ NBNThe $9 billion investment will be spent on upgrading the network in key regions, including New South, Western Australia, Queensland and South Australia.
It will include:$1 billion to deliver infrastructure for the NBNCo.com co-operative, including $500 million for the first phase of the network to be completed by 2021The network will also include:Up to $250 million for new infrastructure for regional airportsThe NBNCo Co.com project will also be funded to improve access to broadband and broadband access to rural communities.
Mr Morrow said the new funding would also help ensure the rollout goes ahead.
“There is an opportunity to build upon the momentum that’s been generated over the past two years to improve broadband access in key areas,” he told the National Press Club in Canberra.
“Our Government is providing $9bn of additional funding for our communities and our state and local governments to build high-speed broadband to our most densely-populated regions.”
And it will also provide additional funding to ensure that the NBN goes forward on schedule.
“Key points of the project:The NBNco Co.
Com project will provide a new type of broadband access, which will allow Australians to connect to broadband services at speeds up to 10 times faster than traditional fibre-to-the-node networksThe project will help build infrastructure in key urban areas and will be built at a cost of $9-billionMr Morrow says this investment will support the rollout and help support regional jobsThe project is expected create up to 150,000 new jobs.
The $5bn funding will support regional broadband projects across the country.
Mr O’Connors said the Government is committed to helping connect Australia’s cities to broadband access.”
This project is a key component of our long-term economic plan and will support our regional communities in building high-value broadband networks,” he added.”
As well as helping create jobs, the project can also help address the challenges of congestion and network reliability.
“The NBN is due to be fully operational in 2020, and is the first fibre-based network to deliver fibre-coaxial (FTTN) internet services to the public.
The Government will provide $5-billion over three years for state governments and the ACT and Territory governments to provide broadband to the ACT.
In Western Australia and South East Queensland, the government will contribute $1-billion, while the NT will contribute another $1 billion.
In Queensland, a $1 million grant will be available for state, territory and territory regional governments to complete their NBN Co co-op.
In NSW, the Federal Office of the Information Technology Infrastructure Fund (OITIF) will provide another $2-billion.”NBNCo.co.com will provide high-end connectivity to the Australian public, businesses and communities,” Mr O’ Connor said.