Prime Minister Albanese announces a substantial $3.9 billion investment, marking the initial phase of a $30 billion project to establish a state-of-the-art submarine shipyard in Adelaide. This ambitious undertaking, known as AUKUS, involves collaboration with the US and UK, aiming to construct at least eight nuclear-powered submarines. The project's scope is vast, encompassing not only the shipyard's construction but also the creation of a fabrication area, a Skills and Training Academy, and an outfitting area, with an estimated cost of $8 billion. The state government anticipates a significant workforce, with up to 5,500 workers supporting nuclear-powered submarine production at its peak. The submarines are part of the $368-billion AUKUS pact, replacing a previous deal for French-designed submarines. The plan involves Australia acquiring between three and five nuclear-powered submarines from the US, including two second-hand Virginia-class submarines, with deliveries commencing in the early 2030s and concluding in the 2060s. The project's scale is unprecedented, surpassing the investment in the nearby Hunter class frigate construction. The Prime Minister emphasizes the long-term economic benefits, promising well-paid, secure jobs in Adelaide, and a substantial economic impact of $30 billion for South Australia. The project's potential to foster local manufacturing and create a skilled workforce is a key focus, with the Opposition Leader urging South Australian businesses to actively participate in this transformative initiative.
