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Shipbuilding costs continue to rise – PBO

CNR Fan, 16 December 2021.

According to The Canadian Press, the federal government’s plan to build new ships for Canada’s navy and coast guard has been impacted by more skyrocketing costs.

The latest news came in a report released Thursday by parliamentary budget officer Yves Giroux, who estimates Ottawa’s decision to build two new polar icebreakers for the Canadian Coast Guard will cost $7.25 billion.

Partially it is tied to the decision to build two of the heavy icebreakers instead of one. The Liberal government announced in May the addition of another ship.

Giroux’s report on the polar icebreakers is only the latest to show rising costs in Ottawa’s plan to build new navy and coast guard ships, which was first launched in 2010 to keep costs under control and maximize the benefits to Canada’s economy.

Read more:

Skyrocketing shipbuilding costs continue as estimate puts icebreaker price at $7.25B

https://nationalpost.com/pmn/news-pmn/canada-news-pmn/skyrocketing-shipbuilding-costs-continue-as-estimate-puts-icebreakers-costs-at-7-25b

This report by The Canadian Press was first published on Dec. 16, 2021.

Credit: Lee Berthiaume, The Canadian Press.

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