SYDNEY, Dec 13 (Reuters) – Australia will spend A$558 million ($366 million) to create a naval nuclear energy security regulator as a part of the AUKUS programme to accumulate conventionally armed nuclear submarines, a authorities financial replace confirmed on Wednesday.
Australia will purchase three nuclear-powered submarines from america within the subsequent decade earlier than constructing a brand new class of submarine with Britain utilizing U.S. nuclear propulsion know-how round 2040 by means of the AUKUS partnership.
Laws launched to parliament final month establishes a regulator to make sure security for the nuclear-powered submarine programme. It doesn’t alter Australia’s moratorium on civil nuclear energy, the federal government mentioned.
The Australian Naval Nuclear Energy Security Regulator will monitor and implement security over the subsequent decade, the federal government mentioned.
The AUKUS partnership to develop nuclear-powered submarines and different high-technology weapons is Australia’s costliest defence challenge, with a $244 billion price ticket over three a long time.
($1 = 1.5242 Australian {dollars})
Reporting by Kirsty Needham
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