This is impleneted already.
Please use:
apt-get update -o Acquire::http::Dl-Limit=7
or set it in your /etc/apt/apt.conf
(see /usr/share/doc/apt/examples/configure-index.gz)
** Changed in: apt (Ubuntu)
Status: New => Fix Released
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Feature request: allow to limit the download rate
https://bugs.launchpad.net/bugs/145496
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