Albanese Rubbishes NBN Cost Blow Out ‘Speculation’

Albanese Rubbishes NBN Cost Blow Out ‘Speculation’

Communications Minister Anthony Albanese has rubbished speculation that constructing the national broadband network could cost 20 per cent to 40 per cent more than originally estimated.

He said unsourced reports, published in The Australian on Wednesday, from construction companies saying contractors wanted more money were unsurprising.

The report said “high-level evaluations are circulating suggesting that the ultimate cost of the project could spiral out to between $60 billion and $70 billion”. The official government figure for capital expenditure is still $37.4 billion.

In April, the Coalition floated a higher cost blow out to $90 billion, a claim rejected by then Communications Minister Stephen Conroy.

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