Australia announces $2.8 billion spending on nuclear submarines
Australia has announced a $2.8 billion investment in U.S.-made nuclear submarines as part of its efforts to enhance military capabilities in the Pacific amid rising threats from China.
The AUKUS pact aims to equip Australia with advanced nuclear submarines produced by the United States and ensure collaboration on various military technologies. The submarines, with sales set to begin in 2032, are a cornerstone of Australia's strategy to improve its long-range strike capabilities in the Pacific Ocean, particularly in light of the threats posed by China. This agreement could cost Canberra up to $235 billion over the next 30 years and includes technology that will allow Australia to build its submarines in the future.
Defense Minister Richard Marles announced that the Osborne facility, located near the southern city of Adelaide, will serve as the main base for this operation. The long-term investment for this facility is projected to amount to approximately AUD 30 billion (around USD 21 billion). Additionally, in September, Canberra revealed an $8 billion investment slated for the next decade, focusing on a shipbuilding and maintenance hub in Perth, further emphasizing Australia's commitment to enhancing its defense infrastructure as tensions in the region rise.