The $210m funding is from a specific UFB2 appropriation together with a further $100m from the UFB1 funding. Work starts later in 2017 and will continue until the end of December 2024. By the end of 2024 another 423,000 New Zealanders will have access to UFB.
Eighteen towns will have their UFB builds fast-tracked to be complete by the end of 2020. These are towns in Northland, Bay of Plenty, Gisborne, Hawkes Bay, Manawatu-Whanganui and the West Coast. You can review the list of towns and our rollout timetable web map of all the areas covered by UFB1 and UFB2. Here’s a view of the percentage of population covered by region and over time. You can also see maps of UFB1 and UFB2 coverage at a glance in the North Island and South Island. Here are close up views of UFB1 and UFB2 coverage in Auckland, Hamilton, Tauranga and Christchurch.
It’s expected that retail prices in provincial towns will be similar to those in metropolitan areas. UFB wholesale product price caps and specifications are largely the same as for UFB1 until 31 December 2019, by which time the new Telecommunications Act regime is expected to be in place.
UFB Extension Agreements
CFH has entered into agreements with four parties for the UFB Extension being:
- Chorus: ~168,240 premises, covering 169 towns/areas nationwide, with a CFH funding commitment of ~$291.3m advanced through a combination of dividend or interest free equity and debt securities (~84% of the UFB2 initiative);
- UFF: ~22,790 premises across 12 towns/areas in the central North Island with no CFH funding commitment (~11% of the UFB2 initiative);
- NP: ~9,049 premises covering 12 towns/areas for an interest free loan amount of $15.237m advanced in two tranches (~4.5% of the UFB2 initiative); and
- ESL: ~482 premises covering fringe areas in Christchurch (Hornby South, Kainga, Kennedys Bush and Preston) with a CFH funding commitment of $509k (~0.2% of the UFB2 initiative).