Australia’s Aukus nuclear submarines could cost as much as US$171bn, report finds
#1

Tory Shepherd
Mon 13 Dec 2021 16.30 GMT


Australia’s eight planned nuclear submarines will cost US$70bn at an “absolute minimum” and it’s “highly likely” to be more than that, defence analysts say.

With inflation, the cost could be as high as US$171bn, according to a new report from the Australian Strategic Policy Institute.

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The prime minister, Scott Morrison, has said the planned nuclear-powered submarines, part of the Aukus deal with the United States and the United Kingdom, would likely cost more than the scrapped plan for conventional submarines, which would have cost US$90bn (includes inflation).

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There are likely to be legislative changes needed to allow nuclear reactors in Australia. The government should consider appointing an internal nuclear regulator, an inspector general of nuclear safety, and how it will responsibly dispose of radioactive waste once the reactors that power the submarines reach the end of their useful lives.

The report also warns of a capability gap as the existing six Collins-class submarines might have to retire before the new submarines are in the water.

https://www.theguardian.com/world/2021/d...least-70bn
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