Skyrocketing Shipbuilding Costs Continue as Estimate Puts Icebreakers Costs at $7.25B

The Canadian Coast guard's medium icebreaker Henry Larsen is seen in on August 25, 2010. The Canadian Press/Sean Kilpatrick

OTTAWA—The federal government’s plan to build new ships for Canada’s navy and coast guard is being rocked by more skyrocketing costs.

The latest blow comes from in a report this morning from parliamentary budget officer Yves-Giroux, who estimates Ottawa’s decision to build two new polar icebreakers for the Canadian Coast Guard will cost $7.25 billion.