NBN fix to blow $20b hole in Budget

After ACCC head, Rod Sims, last week called for the value of the $50 billion National Broadband Network (NBN) to be written-down in order to lower prices, ABC business editor, Ian Verrender, has warned that the Morrison Government is facing a $20 billion budget hit to fix the NBN:

As a cautionary tale of the potentially caustic brew that can result from the intersection of government and investment, politicians and infrastructure, the National Broadband Network has it all.

What should have been a landmark project that projected Australian telecommunications into the modern era has turned into a decade-long debacle, marked by political infighting and cheap point-scoring.

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