THE AUSTRALIANAPRIL 26, 2016
Malcolm Turnbull has admitted the “premium” to be paid for building a new fleet of submarines in Australia rather than overseas but has declared the impact would be “extremely manageable” amid questions over the cost of the landmark decision.
The Prime Minister told ABC TV’s 7:30 program that all three bidders for the mammoth construction program had estimated a “rough order of magnitude” in cost difference for the local building program.
The comments, to be aired tonight, came after federal cabinet formally decided to commit the $50 billion program to French firm DCNS, with the first of twelve submarines to be built early next decade.
“We have a sovereign defence force and we should have a sovereign defence industry with construction here wherever possible within Australia,” Mr Turnbull said in the interview.