
Australia pledges A$3.9bn to AUKUS submarine shipyard

Australia’s government has pledged A$3.9 billion (US$2.75 billion) towards constructing a shipyard to produce nuclear submarines under the AUKUS pact. The shipyard will be built in Osborne, a western suburb of Adelaide. Construction will cost $30 billion in total, which will be invested in the project until its full completion in 2040. “Here in this submarine construction yard, we'll see almost 10,000 jobs created to design and build the yard and to build nuclear-powered submarines in South Australia. Today we're announcing that my Government will contribute as a down payment $3.9 billion for this project, making an enormous difference,” said Prime Minister Anthony Albanese yesterday “Importantly, when this shipyard is constructed and when it's finished, it will be the only shipyard in the Southern Hemisphere capable of constructing nuclear-powered submarines,” said Minister for Defence Industry Pat Conroy. The shipyard will be developed by a government-owned company, Australian Naval Infrastructure. The facility will also include an apprentice training centre, with 1,000 apprentices expected to graduate each year. The training academy and a fabrication area have already begun construction. Under the AUKUS pact,



