The Albanese Government is delivering what Australians voted for and will expand full-fibre access to 1.5 million premises by 2025 with a $2.4 billion equity investment over four years in the 2022-23 Federal Budget.
This will deliver a faster and more reliable NBN to more families, communities, and businesses and allow more Australians to take advantage of an increasingly digital global economy.
Our plan will give Australians who now rely on copper connections the choice of having full fibre connections to their premises if they want a faster NBN service than their current copper wire can deliver.
This investment will benefit over 660,000 premises in regional Australia, and mean around 10 million homes and businesses across Australia will have access to speeds of up to one gigabit per second by late 2025.
For nearly a decade, the Liberal and Nationals' oversight of the NBN has been a masterclass in technological incompetence and financial mismanagement, causing Australia to trail other developed countries on broadband quality and speeds.
Whilst this cannot be undone overnight, it's essential we get this repair job underway.
Economic analysis commissioned by NBN Co estimates the additional Fibre to the Premises connections will deliver an additional $20 billion uplift in GDP by 2030 through connecting communities and businesses to faster and more reliable broadband services.
The construction and installation phase of the expanded fibre roll out will support an additional $2.6 billion in economic activity through to 2026.
In additional to powering the digital economy, this project will create thousands of jobs for construction workers, engineers and project managers in our regions and in our suburbs.
