NBN super Tuesday: It's on today

NBN super Tuesday: It's on today

Summary: Prime Minister Kevin Rudd is expected to announce the winner of the government's $4.7 billion National Broadband Network contract early this morning at 8:15AM at a Canberra press conference with Communications Minister Stephen Conroy and Treasurer Wayne Swan.

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Prime Minister Kevin Rudd is expected to announce the winner of the government's $4.7 billion National Broadband Network contract early this morning at 8:15AM at a Canberra press conference with Communications Minister Stephen Conroy and Treasurer Wayne Swan.

The trio this morning announced they would hold the briefing, following Rudd's return from the G20 summit in London last week.

The project has been described as the biggest infrastructure undertaking in Australia since the Snowy Mountains Hydro-Electricity Scheme.

It will provide a major boost to economic growth and jobs at a time when the economy has ground to a halt under the weight of the global financial crisis.

Bids were made by six potential builders, but Telstra, Australia's largest telco, was expelled from the tender process after it failed to meet government guidelines.

That leaves five parties vying for the government's $4.7 billion contribution to the national broadband network (NBN) cost, which is estimated to total $15 billion.

The Acacia consortium, comprising wealthy businessmen and telco veterans, is the favourite to be named the winner, over Optus and Canadian telco Axia NetMedia.

Topics: NBN, Broadband, Government AU

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3 comments
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  • LOL

    AND THE WINNER IS ... NO ONE ...

    The federal government will build it and it will take twice as long as the private sector, cost twice as much and will not deliver the real goal that it is promising.
    anonymous
  • The new revolution has begun

    All hail Chairman Rudd!!!


    It is right to reject those bourgeois private sector scum who wants to suck out our 4 billion, build some shite and then charge us back for using it.


    Together with Comrade Conroy and Tanner we shall make the great leap forward to victory!
    anonymous
  • c'mon

    Get the story up guys ..... not the best day to arrive late into the office!!
    anonymous