Tomorrow, it will be three years since a full business case for the NBN was last released.
On 8 August 2012, NBN Co released its 2012-15 Corporate Plan, containing financial and deployment forecasts until 2040.
This followed the release of NBN Co’s initial 2011-14 Corporate Plan in December 2010.
All the Abbott Government has released is a heavily redacted Strategic Review and a threadbare 2014-17 Corporate Plan which simply repeated the headline assumptions from the Strategic Review.
Since the Strategic Review was released in December 2013:
- finalisation of the Telstra deal has been delayed by a year
- IT costs to implement the Multi Technology Mix have blown out by approximately $1 billion
- the scale rollout of Fibre-to-the-Node—which the Government promised would begin by mid-2014—has still not commenced
- the HFC rollout is severely behind schedule, with NBN Co to meet only a fraction of its target to connect 2.61 million premises by December 2016.
The NBN is rolling out slower than Malcolm Turnbull promised, and it is more expensive than he promised.
Yet, nearly two years into Malcolm Turnbull’s tenure as Communications Minister, he has still not released a full business plan.
In 2010, Malcolm Turnbull introduced a private members bill demanding that the Government release NBN Co’s business case.
In 2013, after the previous Government had released NBN Co’s 2011 and 2012 Corporate Plans, the demands kept coming.
In 2013, Malcolm Turnbull even criticised the process of submitting draft Corporate Plans to Government.
And yet the Minister admitted on 20 April 2015 that:
“The Government is currently considering an initial draft of the NBN Co 2015-2018 Corporate Plan.”
Malcolm Turnbull, CommsDay Conference, 20 April 2015
Malcolm Turnbull’s time is up.
The Australian public deserve to know how much his second rate network will cost, and how long it will take to build.
FRIDAY, 7 AUGUST 2015