Cost of Coast Guard ship nears $1B as questions mount over federal shipbuilding plan

The federal government has quietly revealed that it plans to pay nearly $1 billion to build a new ocean research vessel for the Canadian Coast Guard whose original cost was supposed to be one-tenth that amount. The new cost estimate for the offshore oceanographic science vessel represents the latest blow to Ottawa’s multibillion-dollar plan to build new ships for the Royal Canadian Navy and the Coast Guard, first revealed more than a decade ago and beset by problems ever since. >click to read< 06:50

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