Budget blowout on the cards
Friday, 8 December 2006, 3:29 pm
Press Release: New Zealand National Party
Wayne Mapp MP
National Party Defence Spokesman
08
December 2006
Budget blowout on the cards
National's
Defence spokesman, Wayne Mapp, is concerned a budget blowout
could be on the cards, if there are delays to the Navy's
Project Protector programme.
The $500 million upgrade
project is supposed to deliver seven new ships in the next
two and a half years. "Any hold-ups with the ships will
probably mean an escalation in cost.
"Ballooning costs
and budget blowouts are a familiar theme with the Labour
Government. "Already this year the cost of replacing the Air
Force's Iroquois helicopters spiralled to $771 million,
despite a budget of $400-561 million to replace both the
Iroquois and Sioux. "Adding a replacement for the Sioux
trainers could well boost the cost even closer to the
billion dollar mark."
ENDS
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