Only good thing about this report is the call for any Govt investment over $1B to have a full CBA done.
Wow, just wow......
$1B is a lot of money in any terms and you'd think the cost benefit analysis would come in a lot lower than that. Heck, the Tas state government was doing it at very much lower levels many years ago and at least one state-owned company puts basically all capital expenditure through such a process, the only difference being the extent of analysis depending on the amount being spent. The bigger the cost, the more effort goes into analysis before committing too it, a process which is entirely logical.
If a business is going to spend on a new fixed asset then, regardless of the actual cost, it's not unreasonable to expect that a decent analysis would be done before committing to it. If the federal government is throwing around $ billions with no proper analysis well then that truly amazes me.
Cannot be long now until the Government rolls over and commits to FTTP. (They have basically rolled on everything else good and bad)
They are putting a lot of effort into re-branding it, turning it into something that they can get the credit for.
Which is understandable, as they are the ones who have to make good, on a Labor Party brain fart idea.
Which is understandable, as they are the ones who have to make good, on a Labor Party brain fart idea.
Which is understandable, as they are the ones who have to make good, on a Labor Party brain fart idea.
Thanks spt,
You have summarised the NBN in one sentence.
And in three words, " brain fart idea "
gg
There is no doubt in my mind, the COALITION would not have entered into such a hare brain scheme in the first place without some accurate cost benefit analysis.........It certainly would not been done on the back of a beer coaster in 11 weeks as Rudd and Conroy did.......Australia is such a large country to cover......by the time they get it finished, new technology will supersede what we now have.
I cannot see any problem with wireless or satellite because optic fibre is not going to produce 100gbs as originally stated.
That's cute coming from the Minister of Missed Targets.
How many NBN corporate plans were there that missed targets by miles under his fine ministership ?
6-years in office and it was missed target after missed target and even at the end of that 6-years, Labor was too afraid to release NBN Co's final corporate plan in the lead up to last year's election because it once again revealed wildly missed targets.
The problem for Stephen Conroy is that his own legacy as Communications Minister is completely indefensible.
Mr Vertigan said the findings of his report show that cost benefit analyses should be mandatory before construction begins on major public infrastructure projects.
Read more: http://www.smh.com.au/federal-polit...-advantage-20140826-108nvi.html#ixzz3BVR9czTF
Should any defenders of the disastrous ALP driven NBN debacle be still extant, it would bear them well to read this.
http://www.smh.com.au/federal-politics/political-news/cost-benefit-analysis-shows-turnbull-plan-has-16b-advantage-20140826-108nvi.html
It proves the gross dereliction of governance embarked upon by Rudd and Conroy.
gg
ALP driven NBN
http://www.smh.com.au/federal-politics/political-news/cost-benefit-analysis-shows-turnbull-plan-has-16b-advantage-20140826-108nvi.html
It proves the gross dereliction of governance embarked upon by Rudd and Conroy.
gg
Should any defenders of the disastrous ALP driven NBN debacle be still extant, it would bear them well to read this.
http://www.smh.com.au/federal-politics/political-news/cost-benefit-analysis-shows-turnbull-plan-has-16b-advantage-20140826-108nvi.html
It proves the gross dereliction of governance embarked upon by Rudd and Conroy.
gg
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