German submarine bid promises Canada $86B economic boost and tens of thousands of jobs

CBC: Up until this point in the fierce competition over the navy’s new submarines, both the German and Norwegian governments and the builder, ThyssenKrupp Marine Systems (TKMS), have been reluctant to reveal strict details of the potential economic benefits that could accrue from their proposal.

However, information viewed by CBC News shows the combined impact of investments by both the German government and the shipyard in various projects across the country could deliver an $86-billion boost to Canada’s gross domestic product and create over 654,695 job years of employment over the lifetime of the deal…

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