Taxpayers are being asked to give at least $300 million to an East Coast shipyard so it can modernize its facilities to build navy vessels despite an earlier stipulation that public funds would not be required for such upgrades.
Irving’s Halifax shipyard was selected in 2011 as the winner of a multi-billion dollar program to construct the country’s new fleets of warships. Among the requirements for winning the bid was that the yard had the capability to build the vessels and taxpayers wouldn’t need to contribute funding to outfit facilities for the task.
But Irving is now retreating on that agreement and the Liberal government has been presented with a request for money. Industry sources say the Liberals are considering providing at least $300 million to the shipyard owned by one of Canada’s richest families.
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