Available reports suggest that the Canadian province of British Columbia has won a lucrative $8-billion deal to develop the latest non-combat vessels for Canada’s navy. However, it could not pocket the biggest chunk of the federal shipbuilding program valued at $33-billion, as it was done by its rival, the Irving Shipbuilding of Halifax, which pocketed a deal worth a staggering $25 billion.

Federal officials in the Canadian capital of Ottawa had announced the long-term deals recently. An additional $2 billion ‘for not too big ships’ will be disclosed in the future. Many renowned players had competed against each other to grab the lucrative and prestigious contracts, and get the opportunity to build brand new water vessels.

Talking about the development, a concerned person was quoted as saying that the entire bidding process was free from any sort of interference from the government, even while four senior bureaucrats had assessed the bids. The services of a professional involved with marine accounting had also been utilized. The person added that the process adopted to award the contracts had 100% transparency.

Talking about the development, another involved person from one of the winning companies was quoted as saying that his firm was proud to win the tender, meant for the construction of future Coast Guard vessels, apart from supplying ships. He promised to make the industry involved with shipbuilding of the B.C. robust, yet again.

Although planning on the new B.C. projects will start at once, the construction of the new ships won’t start before late 2012. Besides, the whole process of building new vessels for the navy of Canadawould continue for two decades even while it would employ thousands of jobless people.