Rural Broadband Initiative (RBI) Funding for Chorus
Quote:
Originally Posted by
Ferg
I haven't read historical documents but I suspect RBI will be completely different to UFB1 contractually and financially.
Just to clear up how the RBI funding worked for Chorus
From: AR2012 page F21
"Chorus receives Crown funding from the Ministry of Economic Development (MED) for capital expenditure incurred under the Rural Broadband Initiative.
Chorus is entitled to claim payment for the grantable costs attributable to the relevant milestones for deploying the rural link or rural cabinets. MED will pay Chorus one dollar of funding for each dollar of grantable costs incurred by Chorus up to a maximum of about $236m. In addition MED reimburse Chorus for all capital expenditure attributable to school lead ins."
The RBI initiative was finished during FY2016. Here is what was said on its completion.
From AR2016 page 2
"Rural areas also benefitted during the year with the final phase of the RBI extending fibre to our upgraded broadband cabinets and new Vodaphone tower sites. The five year roll out was completed at the lower end of our initial capital expenditure guidance range of $280m to $295m.and we delivered more coverage than originally contracted by the government.
We deployed about 3,500km of fibre to rural schools and hospitals and enhanced our broadband coverage to approximately 110.000 rural homes and businesses."
SNOOPY