Anthony Albanese Pledges $3.9B for Adelaide Nuclear Submarine Facility Under AUKUS

Anthony Albanese committed $3.9B as an initial investment for a nuclear submarine construction yard in Adelaide following the establishment of the AUKUS security pact.This facility in the suburb of Osborne is expected to cost approximately $30B and will produce at least eight nuclear-powered submarines for the Australian fleet by 2040.The project represents a major strategic collaboration between Australia, the United Kingdom, and the USA to strengthen defense capabilities within the Indo-Pacific region.