I suppose it’s a compromise.
From the ABC*-
The Government’s lynchpin election promise of a National Broadband Network (NBN) has inched closer to fruition today, after a deal was struck with independent Senator Nick Xenophon.
Senator Xenophon had been refusing to back NBN legislation which would enable the separation of Telstra’s wholesale and retail arms.
He wanted the NBN business case released before promising his vote in the Upper House on the bill to separate Telstra.
The Government has now confirmed it has agreed to release a summary of the business plan ahead of a vote in the Senate.
The Government only has until the end of tomorrow to get the bill passed this year before Parliament rises for the summer break.
50 pages is better than none. But what is this?
Ms Gillard says the summary will not include any information that would cause market uncertainty.
So it’s all positive. How can you properly evaluate a project if you’re only given the good news? And if the whole business plan is good news, why so shy about it?
Gillard also said that the project is expected to cost 35.7 billion, instead of the previously forecast 43 billion. So we’re to support a 35.7 billion dollar project on just 50 pages of predictions and prophecy? That’s 714 million dollars a page.
Could you imagine walking up to the bank and saying, “Hi, I’d like to take a $36 billion dollar loan to invest in new technology, but I’d rather not show you how I intend to spend it. I’ll give you a 50-page brochure about it though!”
You cannot name a business, or a bank, that’d go along with that. So what makes this government so cocky?
*Links aren’t working for some reason- here’s the URL- http://www.abc.net.au/news/stories/2010/11/24/3075182.htm
UPDATE: Fixed mathematical mistake. Whoops!