The Minister for Communications, Malcolm Turnbull, says a review of the National Broadband Network shows it is two years behind schedule, has passed with fibre just 2% of its target, and will cost $29 billion more than the Labor government promised.
Turnbull released the Strategic Review into the NBN in a Ministerial Statement to the House of Representatives today.
The cost of the NBN had increased from $44 billion to $73 billion, according to Turnbull.