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Tuesday, 8 May 2012
Page: 4203

Broadband

(Question No. 745)


Mr Robb asked the Minister representing the Minister for Finance and Deregulation, in writing, on 21 November 2011:

As of 17 November 2011, what sum had the Government borrowed for financing the National Broadband Network project.


Mr Swan: The Minister for Finance and Deregulation has supplied the following answer to the honourable member's question:

As of November 17, 2011, the Government has borrowed $800 million to contribute as equity to the NBN. The Government estimates that it will borrow a total of $2.7 billion to contribute as equity to the NBN in the 2011-12 financial year. As of 17 November 2011, the Government has contributed a total of $2.2 billion worth of equity to the NBN, of which $1.4 billion was sourced from the Building Australia Fund.