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International Trade committee While these dollars have been allocated to the Department of Fisheries and Oceans for the Canadian Coast Guard, I don't have intimate details. I do know there is a series of smaller vessels. There are some inshore scientific vessels, etc., but in terms of the allocation of funding for the specific vessels, I'm not privy to that.
February 12th, 2009Committee meeting
Gary McGee
International Trade committee The shorter answer to that question is that the $43 billion is stretched over a 30-year period to basically take into account the kinds of ebbs and flows in the cycle of shipbuilding. There's been a boom and bust for a prolonged period of time. The intent of having the fleet renewals, both for the coast guard and the navy, and having it identified over a period of time, is to help ensure that the level of capacity in specific yards is raised.
February 12th, 2009Committee meeting
Gary McGee
International Trade committee I do not have a number for that, no.
February 12th, 2009Committee meeting
Gary McGee
International Trade committee Under the structured financing facility, I think we certainly market Canadian capacity and capability internationally. As we know, both foreign firms and domestic firms can apply for this particular program. So in that sense, we do undertake efforts to promote the capability of Canada in specific areas, and certainly, over time, we are developing niche areas.
February 12th, 2009Committee meeting
Gary McGee
International Trade committee I have nothing more to add. The explanation, as given, is that a Canadian purchaser of a vessel built in Canada has the option of SFF or ACCA. I think Finance has clarified the rules with regard to accelerated capital cost allowance, so I have nothing more to add.
February 12th, 2009Committee meeting
Gary McGee