The election pledge also includes a commitment by Labor to keep the NBN in public hands for the foreseeable future but does not rule out eventual privatisation.
“Our plan will run fibre into the street and give Australians who rely on copper wire connections the choice of having fibre connected into their home,if they want faster speeds than their NBN copper can deliver,” Mr Albanese and communications spokeswoman Michelle Rowland said in a statement ahead of the official policy launch.
“For nearly a decade,the Liberal and Nationals’ oversight of the NBN has been a masterclass in technological incompetence and mismanagement causing Australia to trail behind other developed countries,slipping to 59th in the world on average broadband speeds.”
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Labor says the plan will benefit 660,000 premises in the regions and 840,000 in the suburbs,and will create 12,000 engineering and construction jobs. It says the commitment will be funded through a combination of Commonwealth loans,free cash flows and equity,with the ultimate mix to be determined if they win government.
The policy is aimed at outstripping the federal government’s pledge in October 2020 to spend $3.5 billion upgrading the network by giving two million Australian households fibre-to-the-home internet by 2023. Labor’s policy would add an additional 1.5 million premises to this ambition,taking the total expansion to 3.5 million premises.
The opposition has repeatedly attacked the federal government’s embracement of fibre-to-the-home as an expensive backflip,while Communications Minister Paul Fletcher has argued it is not a drastic change but the “logical next step in the evolution of the network”.