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The Cost of the Coast Guard’s Polar Security Cutter

Congressional Budget Office

No 60170, Reports from Congressional Budget Office

Abstract: CBO estimates that the first Polar Security Cutter (PSC) would cost $1.9 billion in 2024 dollars. Subsequent ships would average about $1.6 billion each. Given those estimates, a three-ship PSC program would cost $5.1 billion—about 60 percent more than the Coast Guard’s current estimate.CBO estimates that operating and supporting a force of three PSCs would cost $12.4 billion between 2029 and 2063, when those ships would be in service. If the Coast Guard acquires more than three ships, operating costs would be higher and would continue for a longer period.

JEL-codes: H56 H60 H68 N62 N72 (search for similar items in EconPapers)
Date: 2024-08-21
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