NBN
Under the Federal Labor Government suburbs all across the electorate of Jagajaga are set to join the digital revolution with internet speeds up to 100 times faster than they are now.
A new era of communications is arriving delivering better services across the nation.
The NBN will change the way we live and work and ensure our economy keeps up with the rest of the world. It will give every child access to world-class education resources; it will give access to better health care; it will close the distance between our regions and cities; and it will give local businesses the opportunity to expand and reach new markets anywhere in the world in an instant.
The NBN will deliver affordable high speed broadband to all Australians and Australian businesses.
BROADBAND FOR SENIORS
Thousands of older local residents will stay connected to family and friends through free access to broadband internet with continued funding under the Federal Government's successful Broadband for Seniors initiative.
The Government will invest a further $10.4 million over four years to 30 June 2015 to keep supporting the 2000 Broadband for Seniors kiosks already established across the country.
A total of 13 community organisations are set to benefit from the Broadband for Seniors initiative, including:
- Assisi Centre - $7000
- Chatsworth Terrace - $4,900
- Heidelberg East Ivanhoe Uniting Church Office - $8,500
- Ivanhoe Diamond Valley Centre Inc. - $6,900
- Lasting Changes Pty Ltd - The Grace Garden - $4,700
- Rosanna Fire Station Community House - $6,700
- Scouts Australia, Scouts Heritage Victoria - $8,000
- Strathallan Community - $8,100
- Viewbank House - $8000
- Watsonia Neighbourhood House - $8,700
- Watsonia RSL Sub Branch Inc. $7,200
- Wesley Linlithgow, Linlithgow Program Centre - $6,300
- 155 Our Community Hub, Neighbourhood Renewal - $7000
NBN CO BUSINESS CASE
NBN Co Limited's Corporate Plan confirms that the National Broadband Network is a financially viable project which will provide a return on the Government's investment.
The total capital expenditure for the project is estimated to be $35.9 billion. The Government expects to contribute $27.5 billion in equity for the rollout.
Based on the advice from Goldman Sachs, NBN Co plans to arrange debt funding progressively from 2015. This would be done without a Government guarantee.
By June 2013, NBN Co aims to pass or cover around 1.7 million premises with its fibre, wireless or satellite networks. At the end of the rollout, it is estimated that there will be about 13 million premises covered with 8.5 million connections.
NBN Co's expected rate of return has been assessed at 7.04 per cent, based on a range of assumptions. This exceeds the average 10 year bond rate of 5.39 per cent (July 09- Nov 10).
As the sole equity contributor, the Government will have oversight of the project and the flexibility to ensure outcomes are optimised for all Australians.
NBN Co Business Case Summary
AT HOME WITH THE NBN