The Australian Government has planned to build its $30.7 billion national high-speed fiber-optic broadband network.This project has been announced recently by the Australian Prime Minister Kevin Rudd .
Australia has slower and more expensive Internet services than many developed countries, raising concerns about competitiveness and this big venture is seen as a good news by analysts . The new Internetwork is expected to be 100 times faster than the current network.
Mr. Rudd calls it a “ a historic nation-building investment focused on Australia’s long-term national interest ” . Though this project would take 7-8 years to complete , around 90 percent of homes would be connected to a network with speeds of up to 100 megabits per second. The network would add 37 billion Australian dollars to the national economy through added productivity, analysts said.