February 17, 2026 at 1:14 PM
Billions in funding for South Australian submarine construction yard
The Australian Government is ensuring that South Australia remains the home of Australia’s submarine construction, with expenditure projected to be billions of dollars in the state over coming decades. Australian...
The Australian Government is ensuring that South Australia remains the home of Australia’s submarine construction, with expenditure projected to be billions of dollars in the state over coming decades. Australian Submarine Agency press release Today (17 Feb), the Australian Government is announcing it will invest $3.9 billion as a down payment to deliver the new Submarine Construction Yard in Osborne. While the design process continues, significant investment is critical to delivering Australia’s conventionally-armed, nuclear-powered submarines which will create nearly 10,000 jobs across the entire program in South Australia alone.
The Osborne construction yard will comprise three substantive areas, including fabrication, outfitting and further area for consolidation, testing launching and commission. Australian Naval Infrastructure (ANI) projections show an estimated projected investment of $30 billion over coming decades, to build the construction yard in Osborne. Enabling works and the Skills and Training Academy (STA) are expected to cost approximately $2 billion and more than $500 million respectively.