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Cost of submarines sails past $200 billion

Andrew Tillett
Andrew TillettForeign affairs, defence correspondent

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The estimated cost of building and maintaining Australia's new submarines has swelled to $225 billion over the fleet's life, according to evidence from a senior Defence official.

The head of the navy's submarine program, Greg Sammut, revealed the cost of sustaining the fleet once operational would be $145 billion when adjusted for inflation – much higher than first thought.

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    Original URL: https://www.afr.com/politics/federal/cost-of-submarines-sail-past-200-billion-20191129-p53fav