The national broadband plan will ensure high-speed broadband access of a minimum of 30 Mbps to all premises, regardless of location. The plan continues to act as a catalyst to commercial investment, with more than €2.75 billion invested by industry in the past five years. Current investment is running at €1.8 million per day. As a result, approximately 1.5 million or 65% of the 2.3 million premises in Ireland now have access to high-speed broadband. By the end of 2018, this figure will reach 77% and it will exceed 90% by the end of 2020.
I recognise that people want quality mobile and broadband connectivity as soon as possible and I reiterate that delivering connectivity to the 542,000 premises in the State-led intervention phase of the national broadband plan remains a Government priority.
The procurement process in which my Department is engaged will select a company or companies which will roll out the new high-speed broadband network for the State-led intervention. As the Deputy will recall, a significant milestone in that process was reached in September with the submission of detailed solutions by two bidders and these are now being evaluated by my Department's specialist NBPT. This is the last stage of the procurement process before receipt of final tenders and progression to the appointment of a preferred bidder or bidders. My Department will engage with the winning bidder or bidders to ensure the most efficient deployment as part of the contract.
With regard to funding for the State-led intervention, the Government has allocated an initial €275 million in the 2016-21 capital plan for the national broadband plan. These moneys will help finance the initial years of the network build-out. Significant further funding will be required over the lifetime of the proposed 25 year contract. The total level of funding required will be established through the ongoing competitive procurement process.
