New warships to cost more than $100-billion
The cradle-to-grave cost to Canadian taxpayers to acquire new warships will exceed $100-billion, the federal government says – tens of billions of dollars more than Ottawa has previously disclosed.
It is the first time the federal government has gone public with its best guess on the full life-cycle cost of up to 15 surface combat vessels.
The political demand for transparency has changed in Ottawa since a controversy over the true cost of a plan to buy F-35 fighter jets, and the Harper government feels pressure to open the books.
The purchase price of the military ships remains $26.2-billion, but a new estimate of “approximately $64-billion” for 30 years of maintenance, operating and personnel costs brings the total bill to “in the vicinity of $90-billion,” according to a status update released by the Department of Public Works this week. It cautions the “through-life costs” will need to be refined over time.
New warships to cost more than $100-billion, Ottawa estimates - The Globe and Mail
That's at least 2 billion dollars per year in additional costs. For some perspective, the annual cost of this would completely wipe out the projected surplus the Tories believe they will have next year.
This is even worse than that stupid jet pipe dream.
The cradle-to-grave cost to Canadian taxpayers to acquire new warships will exceed $100-billion, the federal government says – tens of billions of dollars more than Ottawa has previously disclosed.
It is the first time the federal government has gone public with its best guess on the full life-cycle cost of up to 15 surface combat vessels.
The political demand for transparency has changed in Ottawa since a controversy over the true cost of a plan to buy F-35 fighter jets, and the Harper government feels pressure to open the books.
The purchase price of the military ships remains $26.2-billion, but a new estimate of “approximately $64-billion” for 30 years of maintenance, operating and personnel costs brings the total bill to “in the vicinity of $90-billion,” according to a status update released by the Department of Public Works this week. It cautions the “through-life costs” will need to be refined over time.
New warships to cost more than $100-billion, Ottawa estimates - The Globe and Mail
That's at least 2 billion dollars per year in additional costs. For some perspective, the annual cost of this would completely wipe out the projected surplus the Tories believe they will have next year.
This is even worse than that stupid jet pipe dream.
