From The Times Colonist:
For the rest of the story, go to http://www.canada.com/victoriatimescolonist/news/story.html?id=83108a3c-b4b1-4d95-b123-54aafd35adee&k=10764
Shipyards to get $1.45-billion deal
Contract to work on military subs 'unbelievable,' company says.
Kim Westad, Times Colonist; with files from The Canadian Press
Published: Friday, January 12, 2007
A $1.45-billion contract to maintain Canada's four submarines at Victoria Shipyards could provide decades of work for hundreds of new employees and make Victoria a key training centre for the industry.
"It's absolutely unbelievable," Victoria Shipyards vice-president Malcolm Barker said last night. "It's going to take the Canadian shipbuilding industry to a whole new level. I think it's the most exciting time I've seen in shipbuilding."
Although the contract has not officially been awarded, a spokesman for the federal government said yesterday that Canadian Submarine Management Group, a consortium that includes Victoria Shipyards, has been selected to do the work on the fleet of four troubled Victoria-class submarines.
According to CSMG's bid, the vessels will be maintained at Victoria Shipyards in Esquimalt.