‘Walk away now’ from ‘catastrophic’ submarine deal

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Federal government must ‘walk away now’ from ‘catastrophic’ submarine deal
28/02/2021|3min

Sky News host Rita Panahi says the federal government must walk away from the “catastrophe” which is its multi-billion-dollar French submarine contract.

Australia currently has a contract with a French manufacturer to convert 12 nuclear submarines to normal diesel engine submarines which are not expected to be ready until around 2035.

The Morrison government has appointed two former senior naval officers to review the program, which is running over-budget and set to run over-schedule, according to the Australian Financial Review.

When the submarine contract “catastrophe” with French manufacturer Naval Group was originally negotiated, the cost the taxpayer was estimated at $50 billion, but it has now risen above $90 billion, said Ms Panahi.

“It is just insane,” she said.

“We have to walk away from this now.”