Antinuclear

Australian news, and some related international items

Australian taxpayers up for $170Billion, for American nuclear submarines. No problem?

Australia’s Aukus nuclear submarines could cost as much as $171bn, report finds

Australian Strategic Policy Institute report calls project ‘most complex endeavour Australia has embarked upon’ Guardian, Tory Shepherd, Tue 14 Dec 2021 

Australia’s eight planned nuclear submarines will cost $70bn at an “absolute minimum” and it’s “highly likely” to be more than that, defence analysts say.

With inflation, the cost could be as high as $171bn, according to a new report from the Australian Strategic Policy Institute.

The thinktank’s report contained a series of estimates ranging from low to high and conceded that estimating the final cost of the project is necessarily an “extremely assumption-rich activity”…………

The prime minister, Scott Morrison, has said the planned nuclear-powered submarines, part of the Aukus deal with the United States and the United Kingdom, would likely cost more than the scrapped plan for conventional submarines, which would have cost $90bn……..

Australia will partner with either the US or the UK to buy their boat designs, and a nuclear-powered submarine taskforce is working through the details

“We haven’t determined the specific vessel that we will be building, but that will be done through the rather significant and comprehensive program assessment that will be done with our partners over the next 12 to 18 months,” Morrison said in September.

“Now, that will also inform the costs that relate to this, and they are yet to be determined.”

The authors of the Aspi report, Implementing Australia’s Nuclear Submarine Program, wrote that while the Aukus deal has seemed to move fast, the enterprise would still be “a massive undertaking and probably the largest and most complex endeavour Australia has embarked upon”.

“The challenges, costs and risks will be enormous. It’s likely to be at least two decades and tens of billions of dollars in sunk costs before Australia has a useful nuclear-powered military capability…….

The Aspi report co-author Dr Marcus Hellyer told Guardian Australia the government needed to work out its priorities and would need to balance capability needs, scheduling and the Australian industry content. He emphasised that picking which submarine to build was “secondary” to picking a strategic partner.

The US is building submarines at a rate 10 times higher than the UK, he said……….

The report canvasses other issues that will need to be resolved.

There are likely to be legislative changes needed to allow nuclear reactors in Australia. The government should consider appointing an internal nuclear regulator, an inspector general of nuclear safety, and how it will responsibly dispose of radioactive waste once the reactors that power the submarines reach the end of their useful lives…….. https://www.theguardian.com/world/2021/dec/14/australias-aukus-nuclear-submarines-estimated-to-cost-at-least-70bn

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December 14, 2021 - Posted by | AUSTRALIA - NATIONAL, business, politics, weapons and war

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