Australia Allocates $8 Billion for Nuclear Submarine Construction Yard

Australia will allocate substantial financial resources, amounting to several billion dollars, in order to overhaul the infrastructure at a local shipyard. This ambitious project aims to equip the shipyard with the necessary capabilities for the reception of nuclear-powered submarines, as outlined in the 2021 AUKUS agreement. The investment is projected to unfold over a period of ten years.

Source: https://www.dw.com/en/australia-to-spend-8-billion-on-nuclear-submarine-shipyard/a-73986955?maca=en-rss-en-all-1573-rdf