Price of Australia’s scrapped submarine deal revealed ...News

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Price of Australia’s scrapped submarine deal revealed
source : Russia Today ( News ) () 26
The cost of the abandoned project to acquire French vessels is expected to balloon further The cancellation of the deal to purchase French submarines is expected to cost Australia $591 million (US$381 million) in additional expenses, such as asset write-downs and re-employment programs, officials have said. The figures were relayed to the Senate, the upper’s house of parliament, by the state-run enterprises Australian Naval Infrastructure (ANI) and Australian Submarine Corporation (ASC) on Monday. According to reports, ANI posted a $300 million (US$193 million) asset write-down related to the Osborne North Develop

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