What Germany and South Korea are offering in their bids<\/a><\/p>\nWhile in Ottawa for a defence conference last week, German defence minister Boris Pistorius told reporters that the package of economic benefits TKMS had submitted with its bid would increase Canada\u2019s GDP by more than $86 billion dollars over the lifespan of the submarines.<\/p>\n
The bid for the submarines includes the building of maintenance and sustainment facilities on both the east and west coat of Canada for the next 30-40 years.<\/p>\n
CTV News requested from TKMS how it arrived its cost benefit analysis.<\/p>\n
South Korea has also announced that it would import 3.4 billion tons of LNG annually, more than five times the current amount the country is currently buying from Canada.<\/p>\n
Despite the economic benefits being touted in both bids, Defence Minister David McGuinty says that it\u2019s the government\u2019s preference not to split the procurement of 12 submarines between both competitors. However, McGuinty is refusing to rule out the option.<\/p>\n
\u201cI don\u2019t know if you can categorize the safe decision being splitting it down the middle. I think what we\u2019re looking at here is making sure we have a fleet that is interoperable, that is international and that can be serviced appropriately.\u201d<\/p>\n
McGuinty said billions of dollars are being invested in bases in Esquimault and Halifax to retrofit submarine bases and that splitting the fleet would make it more challenging.<\/p>\n
\u201cSplitting the fleet would make it more complicated\u2026 but it\u2019s not impossible.\u201d McGuinty says he doesn\u2019t have all the details in the bids and will leave it to the professionals at the Defence Investment Agency to do the analysis and advise the government.<\/p>\n","protected":false},"excerpt":{"rendered":"CTV News\u2019 Judy Trinh has the details of Hanwha ramping up their submarine fleet pitch and how Canada…\n","protected":false},"author":2,"featured_media":37919,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[23263,5042,23267,363,23265,23264,355,354,23266,1129,344,257,4262,414,23262,33,1385,327,323,207],"class_list":["post-37918","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hanwha","tag-algoma","tag-algoma-steel","tag-caf","tag-canada","tag-canadas-automotive-parts-manufacturers-association","tag-cusma","tag-hanwha","tag-hanwha-group","tag-howitzer-k9","tag-memorandum-of-understanding","tag-military","tag-mou","tag-ontario","tag-politics","tag-sault","tag-south-korea","tag-steel","tag-tariffs","tag-vehicles","tag-world"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/37918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=37918"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/37918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/37919"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=37918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=37918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=37918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}