US EditionAustralia to spend $2.8 billion on new facility to build nuclear subs under AUKUS: PM Anthony Albanese
The $3.9 billion down payment will initiate a $30 billion project creating nearly 10,000 jobs to build nuclear-powered submarines under the AUKUS pact.
- On Feb 15, 2026, Prime Minister Anthony Albanese announced a A$3.9 billion down payment to progress construction of an Osborne shipyard for AUKUS submarines.
- The AUKUS pact aims to arm Australia with nuclear-powered submarines and broaden defence technology cooperation, with official projections estimating A$30 billion spent on the facility over coming decades.
- Australian Naval Infrastructure says the project will create almost 10,000 jobs and include a 420 metre fabrication hall using steel for 17 Eiffel Towers and 710,000 cubic metres of concrete.
- South Australian Premier Peter Malinauskas said the down payment will fund enabling infrastructure at Osborne, while US-commanded Virginia-class submarines will be based in Australia from 2027.
- AUKUS aims to deter China's influence in the Indo-Pacific and faced Pentagon reviews and months of doubt before receiving later endorsement from US officials.
48 Articles
48 Articles
To modernise its submarine fleet, Australia's Prime Minister Albanese has announced a first instalment of more than two billion euros for the construction of a new shipyard.
Australia is unlocking its first investments in its new nuclear submarine project, as part of a pact called the Aukus alliance.
Australia announced on Sunday a multimillion dollar investment as an "initial payment" for a new plant to build nuclear submarines under the tripartite agreement AUKUS, with the United Kingdom and the United States.
The Australian government announced on Sunday that it has allocated US$2.8 billion as an initial payment for the construction of a new nuclear submarine building facility, under the Austro-Hungarian Security Treaty signed in 2021 with the United States and the United Kingdom.
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