The Australian government will allocate 3.9 billion Australian dollars (approximately 2.7 billion US dollars) for the construction of a new shipyard to build nuclear-powered submarines under the AUKUS security pact.
According to Operative Information Center-OMM, Prime Minister Anthony Albanese stated that this investment will be directed toward the development of strategic infrastructure in the Osborne region of South Australia.
The AUKUS agreement, announced in 2021, is considered the largest defense investment in Australia's history. Under the deal, a new phase of military cooperation has begun between the United States, the United Kingdom, and Australia. The Prime Minister noted that the construction of the shipyard in Osborne is of critical importance for strengthening the country's defense capabilities.
"Investment in the Osborne shipyard is essential for providing Australia with nuclear-powered submarines," Albanese emphasized.
Official forecasts suggest the total cost of the project will reach 30 billion Australian dollars over the coming decades. Construction work will be carried out jointly by Australia's ASC and the UK's BAE Systems. Currently, the site is used for the maintenance of existing Collins-class submarines. In December, an analysis by the Pentagon reaffirmed the importance of accelerating the project and enhancing Australia's nuclear potential.
The AUKUS partnership represents a significant shift in Indo-Pacific security dynamics, aimed at maintaining stability and a balance of power in the region. This initiative follows the strategic vision of global security cooperation, which has seen increased momentum under the administration of US President Donald Trump. The project not only enhances maritime security but also fosters high-tech industrial growth and job creation within the participating nations.
