When will we be able to see the full picture of the NBN’s rollout and how it will affect the lives of Australians?
The Government is still in the early stages of its rollout of the National Broadband Network (NBN), which is currently underway.
The Government has been clear that it intends to complete the NBN by the end of 2020, but that timetable is subject to a number of factors.
Here are some of the key points from the Government’s full-year economic and fiscal outlook for the NBN: The Government’s economic and financial outlook for NBN includes the estimated cost of construction, including costs of upgrading existing infrastructure, and the estimated amount of revenue that will be generated by the rollout.
The projected cost of the rollout will be $8.4 billion over 20 years, and is expected to cost $9.5 billion in 2026-27.
The estimated revenue for the rollout is expected at $4.9 billion in 2020-21, and $4 billion in 2024-25.
These figures include the cost of upgrading infrastructure, but they do not include costs related to the cost to construct the NBN itself.
There are also no detailed estimates for the cost and timing of any additional investment in network infrastructure or new lines of infrastructure.
These estimates are based on assumptions about the cost associated with NBN infrastructure and network management.
The estimate for the costs of capital expenditure is also estimated to be $5.9 trillion over 20, 2035-36, but is based on a mix of assumptions about capital spending, including the cost per unit of installed capacity, and costs of the capital network.
The cost of network management is also not included in the NBN rollout cost, but the Government is working on a cost recovery mechanism to ensure that costs are managed.
The NBN rollout is projected to create 2.6 million jobs in Australia over the next decade, and this number will grow to around 5 million jobs by 2035.
Labor’s NBN spokesperson Adam Bandt told Business Insider that the Government had underestimated the costs associated with the NBN.
“It’s a big job, a huge job,” he said.
“But, unfortunately, we have been underestimated.
It’s not an understatement.”
Bandt said that while the NBN was estimated to cost around $8 billion to complete, the Government was underestimating the cost.
“I think we’re still a year or two away from actually having an estimate of the cost, and it’s a massive job, but I think we’ve underestimated the cost,” he told Business Insiders.
“We’re hoping to be a lot more precise about what we’re estimating because we don’t want to underestimate the actual costs.”
Bandts added that while it would be “incredibly expensive” to build the NBN, it would create jobs.
“If you’re going to build an infrastructure that’s costing billions of dollars, that’s going to be very expensive, but we’re hoping we can do that,” he added.
NBN Co’s chief executive, Kevin Read, has previously said the Government should release its NBN rollout estimates before the end, but he has since backed down from his earlier comments.
“Our estimate for a fibre-to-the-node rollout is $7 billion, which is a very conservative figure,” Read said.
“[We’re] confident that that estimate, that we’ve come up with, will be much closer to the true cost.”
Read said the NBN would create 2 million jobs over the 20 years after completion, and added that it would also be a boon for regional and remote areas.
“Fibre-to a node [fibre to the node] is one of the greatest achievements in the history of the world, it will transform our economy,” Read told Business in Asia in November.
“This will be the largest economic stimulus we’ve ever seen in our lifetimes, and that’s not just in Asia but also in the Pacific region, it’s in Europe, and Australia will be a huge part of that.
It is a massive boon to our economies, and there’s a huge amount of investment that has gone into fibre-optic networks.”
Read also acknowledged that the NBN had not been fully operational since 2016, but said that the rollout would not be complete until 2020.
“The first fibre to the premises [FTTP] rollout in 2019 was the first time that the Australian Government had delivered anything like that, and they’ve delivered it successfully, and in many respects have a more sustainable path to deliver fibre to premises in the future,” Read added.
“So that’s the kind of thing that we’re expecting the Government to have done, is deliver the first rollout in 2020, so that it can have a sustainable path forward.”
Read acknowledged that there were “challenges” in delivering the NBN in the first year of operation, but added that the work on the project would continue.
“There’s still work to do, there’s still to be done on the NBN,” Read concluded.