Anthony Albanese has announced a $830 million settlement with France over the former government's FAILED submarine deal. The compensation brings the cost to $3.4 Billion, marking the reset of the French-Australian relationship. 9News DETAILS:
"This is a fair and an equitable settlement which has been reached," Albanese said.Prime Minister Anthony Albanese has been invited to France to meet with President Macron as the two nations repair their relationship.
Fury erupted in September last year when Australia scrapped its contract with the Naval Group in favour of American nuclear-powered submarines as part of the AUKUS pact. "This is a saving from the $5.5 billion that Senate estimates was told would result from that program," he said. Albanese said the rekindling of the French-Australian relationship is an opportunity to draw a line and move forward."I intend to have an honest relationship with France and one that is based upon integrity and mutual respect."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia to pay French shipbuilder $830m settlement for cancelled submarine contractAustralia will pay French shipbuilder Naval Group an $830 million settlement after the federal government cancelled a $90-billion deal to purchase twelve French submarines AusPol
Read more »
Australia to pay French shipbuilder $830m settlement for cancelled submarine contractThe settlement comes after the federal government cancelled a $90-billion deal to purchase twelve French submarines.
Read more »
French court rejects bid to annul New Caledonia independence referendum resultOnly 44 per cent of eligible voters turned out for the third and maybe final independence referendum, so what did the court in France have to say and why did so few people participate?
Read more »
Australia to pay French shipbuilder $830m settlement for cancelled submarine contractThe settlement comes after the federal government cancelled a $90-billion deal to purchase twelve French submarines.
Read more »
Albanese reveals cost of scrapping submarine dealAustralia will pay hundreds of millions of dollars to France's Naval Group as part of a settlement struck by the new Albanese government following the axing of the Attack Class submarine program.
Read more »
Government to pay $830m over scrapped subs dealAnthony Albanese says the settlement with French company Naval Group will “rule a line” under the torn-up submarine contracts.
Read more »