Speaking at today's NBN parliamentary joint committee in Sydney, NBN Co chief Mike Quigley said the nation's biggest ever infrastructure project remained on track to be completed by 2021 and within the $37.4 billion capital expenditure allotted to the project, despite being hit by minor contractor delays earlier this year.
"I'm happy with the progress NBN Co has made... it's in my view almost exactly in line financially with what we predicted," Mr Quigley said today as we reported as it happened.
Quigley also cast doubt on the the viability of the opposition's broadband plan, saying it would depend on the state of the copper wires connecting homes to the nodes.
"What we don't know is what is the state of copper in the network ... there's substantial remediation to be done, we just don't know how much," he said.
More news also came as Quigley said for the first time that it was costing NBN Co somewhere between $2200 and $2500 to connect each premise to the new fibre network, equating bout two thirds of the $3600 cost claimed by Opposition communications spokesman Malcolm Turnbull.
Turnbull however disagreed, saying at the commitee that the Coalition could not accept them until an independent audit on NBN Co's financials had been completed.
"We are reasonably sceptical about that. The NBN Co has not had a great track record of meeting any of its estimates to date so I think they will bear further consideration and examination before people will take them seriously," he said.
Meanwhile chair of the committee Rob Oakeshott has recommended NBN Co prepare a corporate plan based on Coalition policy.