Senate debates

Thursday, 24 March 2011

National Broadband Network Companies Bill 2010; Telecommunications Legislation Amendment (National Broadband Network Measures — Access Arrangements) Bill 2011

In Committee

8:35 pm

Photo of Ian MacdonaldIan Macdonald (Queensland, Liberal Party, Shadow Parliamentary Secretary for Northern and Remote Australia) Share this | Hansard source

$27 billion in borrowing. It was said that this was going to be a commercial operation, you might remember. They were going to make a profit. They were going to bring in private enterprise partners, you might recall. How many of them are rushing to invest in this? Of course they would not because they know it is a white elephant financially. Senator Joyce, I am sorry; you really were not asking me to answer it, but the minister seems incapable so I was just helping the minister with the right information.

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