Collins Replacement $3 billion each!
But a report out today warns that trying to build the new subs in Australia would be fraught with danger and the purchase of smaller, short-range “off-the-shelf” overseas submarines should not be ruled out.
The report, from the Government-funded Australian Strategic Policy Institute, predicts the Australian-made subs would cost a “staggering” $3 billion each – three times the price of the older Collins Class boats.
The bill for the project is more than the annual $35 billion federal education budget, just shy of the $42 billion spent on the Government’s stimulus package and more than a third of the $100 billion the nation spends on health each year.
Now we are getting into nuclear attack submarine territory, without the speed, range, and endurance. We certainly support the increased lethality of conventional submarines, but not at this price. The first paragraph echoes our own thoughts, that European or even some Asian subs would be a much better bargain.
Sure, a 3000 ton boat has better accommodations and range, than a German Type 212, but if your weapons stay in drydock constantly from technical issues, what are you really losing here?
Hat tip to Combat Fleet of the World!