An international team of young people, linking Ireland North and South, the United States, Canada and many other countries, built the replica under the supervision of experienced shipwrights. The original cost had been projected at £4.265m sterling (~€5.8m) in 1993 and the final cost was just under 14 million Euro in 2002. The final figure includes the seagoing ship, shipyard, workshops and visitor centre at Blennerville, cost of launch, fit out at Fenit and the cost of training in shipbuilding skills provided by the "Foras Áiseanna Saothair" ("Training and Employment Authority") to some 50 unemployed young people. The escalation in cost was attributed to the complex nature of the project, the delay in getting the project underway and completed (9 years) and the efforts made to meet an unachievable completion deadline of June 2000. The cost of the project was borne by the Irish government, Kerry County Council, Tralee Town Council, the European Union, the American Ireland Fund, Shannon Development, Kerry Group, the FÁS, and the Irish Department of the Marine, most of which later agreed to write off their losses. According to a valuation obtained by Kerry County Council in 2002, the "Jeanie" was then worth 1.27 million Euro. In 2015, it was valued at 150,000 Euro. Over €2m was raised though private fund raising in Ireland and the United States.