In May 2009, the provincial and federal governments announced support for a major restoration of the "Bluenose II" to be led the province's Tourism, Culture and Heritage Department. The project was projected to cost $14.4 million. In July 2010, the Nova Scotia government awarded a $12.5 million contract for the restoration of "Bluenose II" to a consortium of three Nova Scotia shipyards. When the ship was finally relaunched in 2012, after major delays, the final cost had risen closer to 16 million dollars, just from the Nova Scotian government.