Friday, January 6, 2023

PRICE TAG FOR PATROL SHIPS SOARS TO $6.5BILLION

   It will cost Canadian taxpayers upwards of $6.5 billion to acquire six Arctic Offshore Patrol Ships for the navy and two additional similar vessels for the coast guard, according to newly tabled documents and a statement from the federal government.
   Public Services and Procurement Canada (PSPC) says a contract amendment has been signed with Irving Shipbuilding Inc. of Halifax, N.S. that allows for a top-up to the budget for the military ships and sets the contract price for the coast guard vessels.
   The cost of the navy ships has now risen to $4.98 billion from an earlier projection of $4.3 billion. The contract for the coast guard vessels has been set at $1.6 billion — an increase of $100 million from the figures tabled before Parliament last spring.

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