Canada will shell out almost $70 billion for its new warships, PBO report says
Jun 21, 2019 | 9:52 AM
OTTAWA — Parliament’s budget watchdog says Canada’s 15 new warships will cost almost $70 billion over the next quarter-century.
A Canadian government estimate in 2017 pegged the price of the project at around $60 billion.
At the time, the parliamentary budget office estimated the total cost of the ships to be $61.8 billion, but its report released Friday updates that to reflect the specific design of the ships, which wasn’t known at the time.
The Canadian government will now pay out $69.8 billion over 26 years, the PBO estimates, and billions more if the project is delayed.
