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Value for Money: The National Shipbuilding Strategy at the Halifax Shipyard The Conference Board of Canada, 19 pages, February 24, 2021 Primer by Greg Hermus , Swapna Nair , Zhenzhen Ye

Value for Money: The National Shipbuilding Strategy at the Halifax Shipyard

The Conference Board of Canada, 19 pages, February 24, 2021
Primer by Greg Hermus , Swapna Nair , Zhenzhen Ye

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This primer highlights the various activities, programs, and economic benefits associated with the National Shipbuilding Strategy (NSS) at the Halifax Shipyard from 2013–24. Document Highlights The National Shipbuilding Strategy (NSS) aims to modernize the Canadian Navy’s fleet of combat and non-combat vessels while ensuring that the domestic shipbuilding industry remains intact and contributes to the overall economy. Halifax Shipyard will build the combat portion of the new vessels. From 2013 to the end of 2020, the NSS has resulted in nearly $3.4 billion in spending, with a further $4.3 billion projected between 2021 and the end of 2024. Between 2013 and 2024, the programs are projected to contribute over $9.8 billion to Canada’s GDP. Over 2013 to 2024, the jobs created by the NSS in Halifax will provide approximately $6.2 billion in labour income to Canadians. Federal, provincial, and local governments will also benefit, collecting over $2.9 billion in taxes and fees over the period 2013–2024. Table of Contents Highlights Canadian National Shipbuilding Strategy The programs The AOPS The CSC The Halifax Shipyard’s commitment to benefits in Canada Economic impacts Appendix A—Economic impact assessment methodology Appendix B—Bibliography

This primer highlights the various activities, programs, and economic benefits associated with the National Shipbuilding Strategy (NSS) at the Halifax Shipyard from 2013–24.

Document Highlights

The National Shipbuilding Strategy (NSS) aims to modernize the Canadian Navy’s fleet of combat and non-combat vessels while ensuring that the domestic shipbuilding industry remains intact and contributes to the overall economy.
Halifax Shipyard will build the combat portion of the new vessels.
From 2013 to the end of 2020, the NSS has resulted in nearly $3.4 billion in spending, with a further $4.3 billion projected between 2021 and the end of 2024.
Between 2013 and 2024, the programs are projected to contribute over $9.8 billion to Canada’s GDP.
Over 2013 to 2024, the jobs created by the NSS in Halifax will provide approximately $6.2 billion in labour income to Canadians.
Federal, provincial, and local governments will also benefit, collecting over $2.9 billion in taxes and fees over the period
2013–2024.