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Australia’s government will build a A$43 billion ($31 billion) high-speed broadband network, leading a new private-public company, after rejecting bids by companies that it said failed to offer value for money.
In a surprise move, Prime Minister Kevin Rudd said the government would ask private companies to join the country’s biggest infrastructure project to build a network that would be up to 100 times faster than the current network.
Australia has slower and more expensive Internet services than many developed countries, raising concerns about competitiveness, but the project will be made more difficult by the country’s vast distances and inhospitable terrain.
“It’s time for us to bite the bullet on this. The initiative announced today is a historic nation-building investment focused on Australia’s long-term national interest,” Rudd told reporters at parliament.
The center-left government would sell its majority stake five years after the network, which still requires parliamentary approval, was fully operational.
It took the Great Depression/WW2 to kick-start many national governments into reaching for the future, building for their citizens.
Not that they all got it right. Mussolini made the trains run on time and George Bush presided over the rebirth of torture as an instrument of diplomacy. And vice versa.