The NBN Co's original construction cost estimate of $29.5B ultimately reached over $57B — a $27.5B blowout representing a 93% cost overrun on the largest infrastructure project in Australian history. The ANAO's 2024 review found project governance and cost management were inadequate throughout the build phase, with scope changes and technology switches contributing to the massive cost growth.
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$27.5B of Australian taxpayer money was wasted at NBN Co. The NBN Co's original construction cost estimate of $29.5B ultimately reached over $57B — a $27.5B blowout representing a 93% cost overrun on the largest infrastructure project in Australian history. The ANAO's 2024 review found project governance and cost management were inadequate throughout the build phase, with scope changes and technology switches contributing to the massive cost growth.
Spread across Australia's 10.8 million households, that's roughly $2,546 per family — enough in total for funding roughly 229 public hospitals for a full year.
NBN was budgeted at $29.5B. It cost $57B. That's a $27.5B blowout — 93% over — on the largest infrastructure project in Australian history. NBN Co has never been held accountable. Until now. @reckonerAU
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