Australia Allocates $123 Billion Contingency for Largest Defence Project 🚢

New analysis uncovers a $123 billion contingency fund set aside for Australia's largest-ever Defence initiative—the AUKUS nuclear submarine program. Learn what this means for national security and future capabilities.

Australia Allocates $123 Billion Contingency for Largest Defence Project 🚢
ABC NEWS (Australia)
478 views • Apr 28, 2023
Australia Allocates $123 Billion Contingency for Largest Defence Project 🚢

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A 123 billion dollar "contingency" has been set aside for Australia’s largest ever Defence project according to a new analysis of the AUKUS nuclear submarine program. Experts have described revelations of a fifty percent risk provision for unforeseen cost overruns as extraordinary.

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Views

478

Duration

3:42

Published

Apr 28, 2023

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