Defence Minister Richard Marles was right to describe as “modest” the estimated $268 billion-to-$368 billion cost of acquiring, operating and maintaining a fleet of eight nuclear-powered submarines over the next 30 years.
“You can take any ability of government and forecast it out to the middle of the 2050s, and you will get a large number,” he said.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
