The boat was funded within an existing budget from FedNor and it was funded for its touristic merit and was funded according to the terms and conditions of the northern Ontario development program. Part of the reason the boat wasn't ready was that the renovation of this boat required some very specialized services from a person who actually got sick and could not complete the work on time. So the project has been extended and it will eventually be completed.
On November 18th, 2010. See this statement in context.