Audio interview

NBN's Bill Morrow says rollout on budget despite $19.5 billion Government top-up

03 Feb 2017
AM News and Current Affairs

Description

The NBN company's chief executive, Bill Morrow, says the $49 billion project is rolling out on time and on budget, despite having to secure a special loan from the Federal Government late last year.

The $19.5 billion top-up is in addition to the Government's previously announced $29 billion for the project. It was negotiated despite original expectations that the private sector would be tapped to cover any shortfall.