Switkowski vows to cut NBN cost

The chairman of NBN Co, Ziggy Switkowski, believes there is room for improvement on the numbers produced in the strategic review of the national broadband network, according to The Australian.

Mr Switkowski welcomed the report, released last week, but said the numbers put forward need to be “improved upon”.

"I don't think you can spend $41 billion and accept a 5.3 per cent internal rate of return," he told The Australian, adding that he would be seeking a lower cost and a “less intrusive” rollout.

"The mainstream audience is still a bit bewildered by how big all these numbers are and what it all means.”

Last week’s report found the coalition plan would cost $41 billion, significantly more than the $29.5 billion slated back in April. It was, however, expected to be significantly cheaper than the Labor broadband plan.