Thursday, July 2, 2020

ANCHORS AWEIGH ON SHIPBUILDING COSTS

   The defence department denies it ever misjudged the cost of a project to buy new naval ships even though the price tag jumped from $2.3 billion to $4.1 billion in less than two years.
   And DND admits the cost to taxpayers for the vessels could rise even more in the coming years.
   But the $4.1 billion price tag is just the latest in a series of steadily increasing cost figures. In June 2018, the government acknowledged the cost of the ship project had, at that time, jumped from $2.3 billion to $3.4 billion.

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