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Coast Guard Expects Construction Costs For Fourth NSC To Rise Sharply

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By Calvin Biesecker and Emelie Rutherford Increasing commodity and labor costs coupled to a lesser extent with the weak dollar relative to the euro are likely to send construction costs much higher than expected for the fourth National Security Cutter (NSC) the Coast Guard has warned Congress. President Bush last week signed into law the FY '09 Homeland Security Act, which includes $353.7 million the Coast Guard wanted for the fourth NSC. The construction bid on the 418-foot vessel is…

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