Australian broadband network critics misguided: State Street
Posted in: Government & Policy at 03/07/2012 14:29
The head of technology at one of the world's biggest banks says calls for a cost-benefit analysis on Labor's $36 billion national broadband network fail to understand the true value of the internet.
But despite frequent calls for the government to launch a commercial cost-benefit analysis into the NBN by its critics, State Street executive vice president and chief information officer Christopher Perretta said infrastructure projects with wide-ranging benefits should go ahead regardless. "When you get to that scale of investment it becomes strategic and I would argue that whenever you connect businesses the multiplicative effect is very strong," he said.
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