The Parliamentary Budget Office’s report on the controversial $70 billion Canadian Surface Combatant project will be released Feb. 24.
The report is titled, “The Cost of Canada’s Surface Combatants: 2021 Update and Options Analysis.”
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PBO report on Canadian Surface Combatant to be released Feb. 24 Back to video
The Canadian Surface Combatant (CSC) project would see the construction of 15 Type 26 warships for the Royal Canadian Navy at Irving Shipbuilding on the east coast. The vessels will replace the current Halifax-class frigate fleet. However, the project has already faced delays and significant increases in cost, as the price tag climbed from an original $14-billion estimate to $26 billion and then to $70 billion.
The PBO study comes at the request of the Commons government operations committee which wanted to get the latest cost figures on the CSC project.
The PBO report also comes one day before the Auditor General of Canada will table a report on the National Shipbuilding Strategy. “This audit will focus on whether National Defence; Fisheries and Oceans Canada; Public Services and Procurement Canada; and Innovation, Science and Economic Development Canada managed the National Shipbuilding Strategy in a manner that supported timely renewal of the federal large vessel fleet,” the audit outline noted.
The Department of National Defence revealed Feb. 1 that the delivery of the first surface combatant ship would be delayed until 2030 or 2031. The first ship was to have been delivered in 2025, according to DND documents.
The five-year delay is expected to cost taxpayers billions of extra dollars, but the specific amount has yet to be determined.
This content was originally published here.