Government loan for Halifax Shipyard

Premier Darrell Dexter said that investing in the shipyard will help secure a stronger future for the yard. The new investments in wharves, cranes, fabrication areas and office upgrades will provide employment for hundreds of Nova Scotia workers and suppliers across the province in the years to come.

Last autumn the Halifax Shipyard secured a contract worth $219 million to build nine mid-shore patrol vessels for the Canadian Coast Guard. The government of Canada has committed roughly $40 billion in shipbuilding and ship repair contracts over the next two to three decades and a commitment to purchase Canadian-built vessels is part of the plan.

“We must continue to embark on opportunities for economic growth,” said Economic and Rural Development minister Percy Paris. “Investments like this bring significant benefits to the province and move us another step closer to our goal of economic sustainability and prosperity.”

The infrastructure investment represents a significant opportunity for the Halifax Shipyard. Once the project is complete, the shipyard will be one of the most modern on the eastern seaboard, positioning it for future bids and contracts.