The South Australian and federal governments have released plans worth $30 billion for a shipyard in Adelaide that will build at least eight nuclear-powered submarines under the AUKUS pact with the US and the UK, the ABC reports.
Prime Minister Anthony Albanese announced today (15 February 2026)that the Commonwealth would make a $3.9 billion “down payment” towards the work at Osborne, with the rest of funding to “flow continuously” over the rest of the shipyard’s construction, due to be complete in 2040.
