We now know where 260 million of the province’s forgivable loan will be spent. CBC News is reporting the Scotia Dock II will be replaced. Halifax Shipyard was basing the decision on its success at the federal Shipbuilding Program.

Since Halifax Shipyard was selected, The Province is on the Hook for the Loan Money, to replace the Dock. There is no word on where/when the New dock will be constructed, or what will happen with the Scotia Dock II, though it will likely be scrapped.

The Dock sunk in May 2010. See The Last moments of the Scotia Dock and Scotia Dock Still On Bottom