Albanese said the NBN Co will contribute more than $800 million to the project.

What are the NBN upgrades?

FTTN is a connection that uses existing copper phone and internet networks from a nearby fibre node to create NBN access.

Communications Minister Michelle Rowland said some two million homes still rely on “outdated” copper connections.

The Albanese government has announced a $3 billion injection for NBN improvements. Source: AAP / Mick Tsikas

“Let’s be clear, the copper network is degrading,” she said.

According to the government, modelling by Accenture suggests the FTTN upgrade program will provide a cumulative GDP uplift of $10.4 billion over the next decade.

What does the NBN upgrade mean for me?

NBN Co CEO Ellie Sweeney described the investment as “the final piece of the puzzle”, and said the upgrades will be delivered across 2,400 suburbs and towns in Australia.

Rowland said individual households can also save more than 100 hours and $2,500 each year by having access to high-quality broadband.

“I know a lot of people have raised it with me, probably all of you who live here and are sick of the dropouts and the low speeds. This will actually address that for the people of the ACT.”