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SAFETY4SEA

Canadian Government invests $2.5 billion into Coast Guard vessels

by The Editorial Team
May 26, 2023
in Shipping
lifeboats

Credit: Canadian Coast Guard

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Yesterday, Joyce Murray, Minister of Fisheries and Oceans and the Canadian Coast Guard, announced a major investment to fund the completion of the renewal of the Canadian Coast Guard’s small vessels fleet.

The $2.5 billion investment covers up to 61 small vessels as well as the continued replacement of small ships, barges, and work boats with new modern technology. This investment aims to assist upgrade the Canadian Coast Guard’s small vessel fleet, allowing them to keep Canadian waterways and people safe while also providing well-paying employment across the country.

 This significant investment also will create more jobs, generate significant economic benefits and help grow the marine industry throughout Canada.

… said Helena Jaczek, Minister of Public Services and Procurement

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This investment will complete the renewal of the Canadian Coast Guard’s small vessels fleet and enable the Canadian Coast Guard to acquire up to:

  • Six Mid-shore Multi-Mission Vessels;
  • One Near-Shore Fishery Research Vessel;
  • 16 Specialty Vessels;
  • Four Air Cushion Vehicles; and
  • 34 Cape Class Search and Rescue Lifeboats.

We are making sure the Canadian Coast Guard has the equipment it needs to keep Canadians and Canada’s waterways safe, while also creating good-paying jobs across the country.

… said Joyce Murray, Minister of Fisheries, Oceans and the Canadian Coast Guard

Canada’s National Shipbuilding Strategy

  • The Government of Canada’s National Shipbuilding Strategy is a long-term, multi-billion-dollar program focused on renewing the Canadian Coast Guard and Royal Canadian Navy fleets to ensure that Canada’s marine agencies have the modern ships they need to fulfill their missions, while revitalizing Canada’s marine industry, creating good middle-class jobs and ensuring economic benefits are realized across the country.
  • Under the National Shipbuilding Strategy, 16 small vessels including 14 Search and Rescue lifeboats and two Channel Survey and Sounding Vessels have been delivered to the Canadian Coast Guard.
  • Contracts under the National Shipbuilding Strategy are estimated to have contributed approximately $21.26 billion ($1.93 billion annually) to Canada’s gross domestic product, and created or maintained over 18,000 jobs annually between 2012 and 2022.

 

Canadian Government invests $2.5 billion into Coast Guard vesselsCanadian Government invests $2.5 billion into Coast Guard vessels
Canadian Government invests $2.5 billion into Coast Guard vesselsCanadian Government invests $2.5 billion into Coast Guard vessels
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