Canada's Trudeau to invest C$15.7 billion in coast guard overhaul




  • In Business
  • 2019-05-22 20:45:07Z
  • By Reuters
 

OTTAWA (Reuters) - Prime Minister Justin Trudeau on Wednesday said Canada would spend an estimated C$15.7 billion ($11.7 billion) to renew its coast guard fleet and that it would partner with a new shipyard to complete the project.

Two Arctic icebreakers will be among a total of 18 new ships ordered, Trudeau told reporters in Vancouver. They will be built by Irving Shipbuilding in Halifax on the east coast, while 16 multi-purpose vessels will be built by Vancouver Shipyards on the west coast.

"Our government will be doing a full renewal of the Canadian coast guard fleet and creating new shipbuilding jobs right here in British Columbia," said Trudeau, who is standing for re-election later this year.

"Canada has the world's longest coastline and Canadians know its absolutely essential that we protect it and that we patrol it."

With the average age of the vessels in the current fleet almost 38 years, an additional C$2 billion will be spent to extend their operations, Trudeau said.

Additionally, a new shipyard - probably Davie Shipbuilding in Lauzon, Quebec - will be selected to partner with the government on the project.

"We recognize that the addition of a third naval shipyard represents an opportunity for Davie and we're looking forward to seeing their bid to ensure that they can qualify to be that third shipyard," Trudeau said.

"This will create over 2,000 well paid jobs in Quebec," Davie Shipbuilding said in a statement, adding that it looked forward to becoming an "active partner" with the government.

Trudeau, leader of the Liberal Party, is trailing Conservative Party rival Andrew Scheer about five months ahead of the national election, recent polls show. The shipyards are in areas that are considered important battlegrounds in the upcoming vote.

"Conservatives have been pressuring the Trudeau government for years on this very issue," Conservative lawmaker Todd Doherty said in a statement.

Though Doherty said the Liberals had no plan to pay for the ships, he said Canada "needs new ships, especially heavy icebreakers, as soon as possible."

(Reporting by Steve Scherer; Editing by Alistair Bell and Diane Craft)

COMMENTS

More Related News

Canada set to approve hotly-debated pipeline expansion, Trudeau unlikely to benefit
Canada set to approve hotly-debated pipeline expansion, Trudeau unlikely to benefit
  • US
  • 2019-06-16 14:08:04Z

OTTAWA/CALGARY, Alberta (Reuters) - Canada looks set to approve a hotly-debated plan to expand an oil pipeline this week, people familiar with the process told Reuters, but the move is unlikely to help Prime Minister Justin Trudeau rebuild flagging support ahead of an October election. The Liberal government last year took the unprecedented step of buying the Trans Mountain pipeline from Kinder Morgan Canada for C$4.5 billion ($3.4 billion) to ensure the expansion went ahead to help solve crude transportation bottlenecks. If completed, the expansion would nearly triple capacity on the pipeline that runs from the western crude-rich province of Alberta to British Columbia's Pacific coast.

Mexico, Canada off the mark at Gold Cup
Mexico, Canada off the mark at Gold Cup

Favourites Mexico and group rivals Canada cruised to lopsided wins on Saturday as the CONCACAF Gold Cup got under way. Mexico, who are chasing a record eighth title in the championship for teams from North America, Central America and the Caribbean, thrashed Cuba 7-0 at the Pasadena Rose Bowl. Canada

Follow Live: Gold Cup kicks off with Mexico and Canada in action
Follow Live: Gold Cup kicks off with Mexico and Canada in action

Tata Martino gets his first true taste of competition as head man of Mexico.

Raptors title sees Canada set viewing, spending records
Raptors title sees Canada set viewing, spending records

The final numbers are in, and the NBA Finals were a smashing success for Canada all the way around.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.