$4.8B spent on new Canadian warships so far — construction expected to begin in 2024

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$4.8B spent on new Canadian warships so far — construction expected to begin in 2024
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The new figures presented to the House of Commons provide a limited window into some of the spending so far on the Canadian Surface Combatant or CSC project.

Two months ago, the parliamentary budget officer estimated the total cost of the CSC would be more than $300 billion.

In a response to the House of Commons order paper, Public Services and Procurement Canada confirmed that it has signed six contracts so far on CSC totalling $3.1 billion. The bulk of those have been awarded to Irving Shipbuilding, which will construct the ships starting in 2024. National Defence did note that in 2017 it originally estimated the lifecycle cost of CSC was between $126 billion to $147 billion. That figure, however, is now no longer valid as the project was in its early stages when that cost was calculated.

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