The Polar Icebreaker Project: A Fiscal Analysis


This report provides an independent cost estimate of the Development and Acquisition phases of the Polar Icebreaker Project. The Polar Icebreaker Project aims to replace the Canadian Coast Guard’s existing fleet of heavy icebreakers with two new heavy icebreakers built to modern specifications.


  • PBO estimates the total cost of the icebreaker project at $7.25 billion, inclusive of project management costs of $346 million, design costs of $820 million, and acquisition costs of $6.1 billion.

  • A sensitivity analysis suggests that delays of either one or two years in the start of the construction for both vessels at each partner shipyard would increase total project costs by $235 million or $472 million, respectively.


Supplementary Data