The True Cost of Building Abroad | Vancouver News

A new report reveals the staggering hidden costs of building four B.C. Ferries vessels overseas—over 10,000 person-years lost in B.C., $413 million in government revenue vanished, and a $1.5 billion hit to Canada’s GDP. Economist Jim Stanford calls it a major planning failure, especially as the province champions “buy Canadian.” The ripple effects include lost jobs for suppliers and weakened economic health. The report urges B.C. to rebuild domestic shipbuilding capacity, electrify the fleet locally, and train a new generation of skilled workers. A coalition of 15 unions and 7,000 workers is pushing for future ferries to be built here, with the Premier hinting at domestic options. B.C. Ferries says they’re open—but only if capacity, skilled labor, and competitive pricing are in place. It’s a wake-up call: outsourcing may save money now, but the long-term economic cost is too high to ignore. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/760c73ec95382496