none
none

Let’s build new submarines: Combet

31-08-2010
by 
in 
Let’s build new submarines: Combet

Building new submarines could transform Australia's manufacturing at a time when car makers are shutting down their operations, says former Labor Industry Minister Greg Combet.

Mr Combet told ABC television new submarines would be a hugely important project. He regretted the former government didn't achieve greater progress.

"It's a very important and large project that would go for many years and would sustain a lot of industry development," he said.

The 2009 and 2013 Defence White Papers proposed acquiring 12 next generation submarines to replace the navy's six Collins submarines around the mid-2030s. The price tag has been put as high as $40 billion.

Planning is now under way, with the government opting for either a brand new design or an evolution of Collins.

Mr Combet, who now heads a South Australian industry taskforce, said much work was needed to start manufacturing, but some work can be done now.

For example, the propulsion system for the new boats could be developed and tested.

He said the heads of both the Collins submarine maintenance program and air warfare destroyer manufacturer in Adelaide both came from the motor industry.

Related news & editorials

  1. Lots of moneyb
    06.02.2018
    06.02.2018
    by      In
    Confidence continues to rise as Australian businesses predict healthy profits well into the year, according to illion’s latest Business Expectations Survey. The preliminary survey for the June quarter sees the Business Expectations Index rising by 31% over the previous year.
    Business confidence has... Read More
  2. Australian manufacturing
    01.02.2018
    01.02.2018
    by      In
    The inexorable rise of the Australian Performance of Manufacturing Index during 2107 has continued into the new year with production leading the way. The AI Group’s Australian PMI has come in at 58.7 in January 2018, showing an increased level of growth, and the production subindex jumped to 62.7,... Read More
  3. Belgian cement works
    31.01.2018
    31.01.2018
    by      In
    Australian technology company, Calix, has secured EUR3.4 million in working capital from Efic to build the CO2 capture facility for the Low Emissions Intensity Lime and Cement (LEILAC) project in Belgium.
    Efic, the Australian Government’s export credit agency, is a specialist financier that... Read More
  4. Lots of money
    24.01.2018
    24.01.2018
    by      In
    This year looks likely to be the last chance for small businesses to take advantage of the Federal Government’s $20,000 instant asset write-off. So any business with an annual turnover of less than $10 million has until 30th June 2018 to make a qualifying investment.
    The scheme originated in the... Read More