The Polar Icebreaker Project: 2024 Update
Published on June 28, 2024
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This report provides an updated independent cost estimate of the Development and Acquisition phases of the Polar Icebreaker Project.
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We estimate the total cost of the Polar Icebreaker Project at $8.5 billion, inclusive of project management costs of $420 million, design costs of $960 million, and acquisition costs of $7.1 billion. This represents a $1.3 billion increase over our prior estimate.
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Our sensitivity analysis suggests that delays of either one or two years in the start of the construction of both vessels at each partner shipyard would increase total project costs by $260 million or $530 million, respectively.
Yves
Giroux
Parliamentary Budget Officer
Parliamentary Budget Officer