Albanese dismisses Aukus concerns as submarine shipyard cost revealed to be $30bn

The Guardian - World NewsCenter-LeftEN 1 min read 100% complete by Australian Associated PressFebruary 15, 2026 at 06:13 AM
Albanese dismisses Aukus concerns as submarine shipyard cost revealed to be $30bn

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Australian Prime Minister Anthony Albanese has committed $3.9 billion as an initial investment in a $30 billion submarine construction yard in Osborne, a suburb of Adelaide. This facility is intended to eventually build nuclear-powered submarines as part of the Aukus security pact between Australia, the United Kingdom, and the United States. The announcement comes despite ongoing concerns and doubts surrounding the Aukus agreement. The $3.9 billion is considered a "down payment" to secure the future of the submarine construction yard. The project aims to bolster Australia's defense capabilities through the acquisition of nuclear-powered submarines.

Keywords

aukus agreement 100% nuclear submarines 90% submarine shipyard 80% construction yard 70% anthony albanese 60% adelaide 50% federal government 40% down payment 40%

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The Guardian - World News
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Center-Left (-0.40)
Far LeftCenterFar Right
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85%

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