Friday, 22 April 2022

Newcastle still on the cards for nuclear sub base

BY DAKOTA TAIT

Newcastle, Port Kembla, and Brisbane are now the only options being considered for a $10 billion nuclear submarine base.

The Department of Defence says no other ports will be included in a feasibility study, expected to be complete by the latter half of 2023.

Past reports ranked the three locations poorly, however.

An Australian Financial Review report earlier this week, stated Newcastle had emerged as the frontrunner.

The report also claimed the Government was considering if it would have to buy out the Chinese stake in the Port of Newcastle, but Defence says it hasn't undertaken any preparatory work.