Project to build navy frigates in Adelaide faces ‘significant’ cost blowouts, report says

1 year ago 54

Australian auditor’s office finds defence department’s procurement process lacked ‘value for money’ focus

A $45bn naval shipbuilding project faces “significant” cost blowouts after defence officials failed to properly consider “value for money”, according to a new audit report.

Wednesday’s report criticises the initial stages of the program to build nine new Hunter-class frigates for the Royal Australian Navy – a process that occurred during the former Coalition government’s time in office.

Continue reading...
Read Entire Article