PARIS: France's Naval Group said on Wednesday it will send a"detailed and calculated proposal" to Australia in the coming weeks of the costs it expects Canberra to pay for scrapping a massive contract to purchase French submarines.
Australia in 2016 agreed to buy 12 diesel-powered submarines built by Naval Group in a deal dubbed the"contract of the century" worth A$50 billion , later revalued to €56 billion .in favour of nuclear-powered submarines from the United States and Britain, in a secretly negotiated agreement that infuriated Paris and sparked a diplomatic row.
Naval Group CEO Pierre Eric Pommellet told France's Le Figaro newspaper on Wednesday that a bill would be sent to Australia"in a few weeks"."It is a case that is planned for in the contract and will require a payment of our costs that were incurred and those to come, linked to demobilisation of infrastructure and IT as well as the redeployment of employees," he added.
EmmanuelMacron hahaha good one 👍
Wow. Law suits on the way.
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