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International Business Times
International Business Times
World

Australia To Spend US$8 Bn On Nuclear Sub Shipyard Facility

United States Australia Richard Marles AUKUS Henderson The United States
Australia aims to acquire at least three US Virginia-class submarines within 15 years and eventually to manufacture its own subs (Credit: AFP)

Australia will spend an initial Aus$12 billion (US$8 billion) to upgrade shipyard facilities for a future fleet of nuclear-powered submarines, the government said Sunday.

The "very significant" investment is to be spent over a decade to transform a shipbuilding and maintenance precinct in Perth, Western Australia, Defence Minister Richard Marles said.

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