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Australia ramps up Aukus funding with US$3.2 billion for nuclear submarine yard
Aukus, designed to check China’s military advance in the Indo-Pacific, is expected to cost Canberra up to US$250 billion over 30 years
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Australia said on Friday it would pump an additional US$3.2 billion into building the country’s nuclear-powered submarines, part of a controversial defence pact with the United States and Britain.
Under the 2021 Aukus deal, Australia’s most expensive defence project, the country will receive three nuclear-powered submarines from the United States. Australia and Britain will then build a new class of submarine in the 2040s.
But the deal has faced scrutiny over whether slow submarine production rates in the United States and Britain will leave Australia without the vessels it needs.
Defence Minister Richard Marles said the additional investment of A$4.6 billion (US$3.2 billion) at a shipyard in Osborne in South Australia “demonstrates that Aukus is on track and happening now”.
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