Seaspan Shipyards Swimming in Money?
Seaspan Shipyards has announced a new $3,300,000,000 contract from the federal government in order to build vessels for the Canadian Coast Guard. Holy ship, that’s a lot of zeros! This recent news will mean that up to 17 vessels will be built Seaspan, including 7 ships from a previous contract confirmed in April. What exactly does this mean for Canada’s economy? Harper’s government claims that it will create jobs and generate significant economic benefits not only in shipbuilding, but other industries across the country. The article claims that 4,000 jobs are expected to be created from the first Vancouver contract alone. Minister Moore feels that The Government’s National Shipbuilding Procurement Strategy has played a significant role in revitalizing the province’s shipbuilding industry. The amount of long-term jobs in this industry alone show signs of future economic growth. Construction, manufacturing, and engineering companies will continue to benefit from this project. Meanwhile, opposing parties are pressing the Harper government to see if they can follow through with all of their promises. Only time will tell exactly how beneficial this project will be for our economy.
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