Albanese dismisses Aukus concerns as submarine shipyard cost revealed to be $30bn

The Guardian World

by Australian Associated Press

February 15, 2026

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Prime Minister Anthony Albanese has announced a significant investment in Australia's submarine program under the AUKUS agreement, dismissing concerns about its feasibility and cost. The government has allocated $3.9 billion as an initial down payment to secure the future of the submarine construction yard in Adelaide, which is expected to eventually build nuclear-powered submarines. However, estimates suggest that the total cost for constructing the facility could reach $30 billion, a figure that has raised eyebrows among critics and policymakers alike. The AUKUS agreement, signed with the United States and the United Kingdom, aims to enhance Australia's naval capabilities by providing access to advanced technology, including nuclear propulsion. This move is part of a broader strategy to strengthen military ties between the three nations and address growing security challenges in the Asia-Pacific region. The Adelaide facility, located in the northern suburb of Osborne, has been a key hub for submarine construction in Australia since the 1980s. Albanese's decision to commit funds underscores the government's commitment to maintaining this capability despite the high costs involved. The announcement comes amid ongoing debates about the wisdom of pursuing nuclear-powered submarines. Critics argue that the project is not only prohibitively expensive but also unnecessary, given existing threats and Australia's strategic relationships with other nations. However, supporters, including Albanese, argue that the investment is crucial for ensuring Australia's long-term security and its role as a regional power. The government has emphasized that this is a necessary step to keep pace with emerging security dynamics in the Indo-Pacific. This development has significant implications for global politics and international relations. It highlights Australia's growing role as a military partner in the region, particularly in countering China's expanding influence. The decision also reflects broader

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Originally published on The Guardian World on 2/15/2026