Military, submarine experts reject $18bn estimate for new Aussie Submarine Fleet

SUBMARINERS and military experts have rejected claims that Australia could build a new fleet of 12 state-of-the-art submarines for only $18 billion, saying taxpayers need to be warned that the final costs could be far higher.

A report on Australia's Future Submarine by strategic think tank the Kokoda Foundation, revealed in The Australian yesterday, slashes in half the expected cost of building a new fleet of submarines in Adelaide.