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+ Cash will address looming shortfall for FY18

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Friday November 18, 2016

The govt will loan NBN Co $20bn to finish rollout

By Allie Coyne

Cash will prevent looming shortfall.

The federal government will loan NBN Co the remaining $19.5 billion it needs to finish the national rollout under a commercial arrangement.

The government's May budget papers revealed its funding cap of $29.5 billion for the project would run out in the current financial year, once its last payment of $8.8 billion was made to the network builder.

The budget revealed NBN Co would need to raise between $16.5 billion and $26.5 billion from the private sector to complete the rollout. The government said it would not increase its funding for the project.

NBN Co has said...

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