🇦🇺 Australia · 2022 · 🏗️ Megaprojects
Australia cancelled its French submarine deal in 2021. The French builder still had to be paid.
💸 Guess, then reveal the price
A$830 million settlement
The most expensive “it’s not you, it’s me” in history.
What actually happened
After switching to the AUKUS nuclear-submarine plan, the Australian Government agreed in June 2022 to pay Naval Group €555 million (about A$830 million) to settle the cancelled Attack-class contract.
Source: Prime Minister of Australia ↗ · Amount in original currency, not adjusted for inflation. An unusual cost is not automatically waste; see how we check the facts.