DICT: Broadband project cost may be less than P20B

THE Department of Information and Communications Technology (DICT) may spend only a fraction of the P77 billion it originally forecast on the government’s National Broadband Plan (NBP), its chief said.

According to Acting Information Secretary Elisio Rio Jr., his department estimated it would spend roughly less than P20 billion after it recently signed a tripartite agreement with the National Grid Corp. of the Philippines (NGCP) and the National Transmission Corp. (TransCo) for the use of dark fiber optic cables.