Broadband plan ‘won’t mean cuts or tax hikes’, says government

Broadband plan ‘won’t mean cuts or tax hikes’, says government
David McCourt, owner of National Broadband Ireland Picture: Claire Wood

The government has insisted that the huge capital outlay required to deliver the project will be funded entirely from future revenues rather than through tax increases or abandoning other capital projects

The National Broadband Plan (NBP) will cost taxpayers almost €800 million over the next three years, but will be delivered without any tax hikes or spending cuts, according to government.

National Broadband Ireland (NBI) was named as the preferred bidder for the controversial NBP last month. US businessmen David McCourt, the head of Granahan McCourt, and Walter Scott Jr are the ultimate owners of NBI.

The state will provide a subsidy of up to €2.97 billion...

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