Trident Submarines: Finance
(asked on 26th January 2016) - View Source
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, whether the contingency fund for the new generation of successor Trident submarines was based on a full quantitative risk assessment of the project.
This question was answered on 29th January 2016
As set out in the Strategic Defence and Security Review 2015, we have set a contingency of £10 billion, which represents around 35% of the cost to completion. This is a prudent estimate based on past experience of large, complex projects, such as the 2012 Olympics.