The programme is slated to create 20,000 jobs in Australia over three decades. Read more at straitstimes.com.
with the United States and Britain will cost up to A$368 billion over the next three decades, a defence official said on Tuesday, the country’s biggest single defence project in history.
“This will be an Australian sovereign capability - built by Australians, commanded by the Royal Australian Navy and sustained by Australian workers in Australian shipyards,” Mr Albanese said in San Diego, California. The total cost of the submarine programme is estimated to be A$268 billion to A$368 billion by 2055, or roughly 0.15 per cent of gross domestic product per year, a defence official told Reuters.
“Australia can’t afford not to do this ... it will be worth every cent when it comes to our national security, our national economy,” Mr Chalmers told reporters. A naval base in Perth will be the home for the new submarine fleet, upgraded at a cost of A$8 billion over a decade and generating 3,000 jobs, documents and statements released by Australia on Tuesday showed.Australia expected to buy up to 5 Virginia class submarines as part of Aukus: US sources
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