A representation of the BAE Systems Type 26 Global Combat Ship. BAE Systems
Ottawa Citizen: Cost of Canadian navy warship project increases to $70 billion, according to new PBO estimate
The cost of the Canadian navy’s new surface combatant ships has further increased because of delays and changes in the size of the ship, according to a new report from the Parliamentary Budget Officer.
The PBO puts the latest cost estimate of the Canadian surface combatant ships at $70 billion, some $8 billion higher than its previous estimate from two years ago.
“The difference in these estimates is due to new information on project specifications provided by the Department of National Defence; in particular, ship construction will begin later (increasing inflation costs), the ship will be larger than assumed in the previous report (increasing real construction costs), and we exclude the cost of spares beyond the initial two years (reducing real program costs),” the report from Parliamentary Budget Officer Yves Giroux noted.
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Update: How much will Canada's new frigates really cost? The navy is about to find out (CBC News)
WNU editor: I am stunned by the cost. $4.7 Billion CDN or $3.6 Billion USD per ship. What am I missing?
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