On 29 January 2009, the Government of Canada announced that it would provide CAD175 million 'on a cash basis' to the Canadian Coast Guard for the purchase of new vessels and improvements to existing vessels.

The allocated funds are included as part of Budget 2009's provisions for infrastructure renewal. Although the Government had yet to award the contracts when the Budget was announced, it clearly stated that 'work will be conducted in Canada, and where possible, by shipyards located within the regions of the vessels' home-ports'.

The Budget foresees acquisition of 60 small craft, 30 environmental response vessels, 5 life boats and two inland scientific research craft. Furthermore, five vessels across the country have been selected for major refits, while 35 others will undergo more minor repairs over the life of the program.