Australia makes $2.7 billion investment in submarine facility

The Australian government has committed A$3.9 billion (US$2.76 billion) as an initial investment towards construction of a new nuclear-powered submarine facility at Osborne near Adelaide in South Australia under the trilateral AUKUS programme. State-owned Australian Naval Infrastructure (ANI) estimates the full development will cost around A$30 billion. This includes a 420m-long submarine fabrication hall valued […]

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