Economic Consultants Ltd. carried out an options study into the replacement for the original RMS St. Helena in 1984.
Approval for her construction was given in November 1987, and a contract was signed with Hall Russell for her construction in December 1988. Her maiden voyage commenced in November 1990.
While there is no definitive figure, the RMS St. Helena could be expected to have an economic lifespan of 20 to 25 years. The RMS St. Helena has now reached a stage where Lloyds Registry and the Marine and Coastguard Agency require annual inspections in dry dock to maintain her Class 1 Passenger certificate.
The original contract with Hall Russell for the construction of the RMS St. Helena was signed in the amount of £19.4 million. The final cost to the public purse following completion of the work by Appledore after Hall Russell went into receivership was £31.8 million.
Routine discussions have taken place with Treasury at official level from April 2008.
The option of replacing the RMS St. Helena was considered as part of Atkins' 2005 feasibility study.
No decision will be taken on whether to replace the RMS St. Helena pending the completion of the public consultation we announced on 16 March.
Annual maintenance costs (including repairs) for the RMS St. Helena over the last 10-years are set out in the following table. These do not include consumables (paint etc.).
Maintenance/repair cost (£) 1999-2000 1380,000 2000-01 1420,000 2001-02 463,000 2002-03 512,000 2003-04 2939,000 2004-05 556,000 2005-06 540,000 2006-07 2925,000 2007-08 707,000 2008-09 21,079,000 1 Estimated costs as accounts not broken down. 2 Includes dry dock.
A replacement vessel is estimated to cost between £35 million and £75 million, depending on the country of origin.
An additional capital investment of approximately £2.5 million in 2009-10 would be required for refurbishment the engines and for repairs to essential steelwork to extend the working life of the ship to around 2015.
In addition to this, annual maintenance costs are expected to be of the order of £1.2 million per annum (inclusive of annual dry dock required to maintain certification).
Estimates carried out during the 2005 feasibility study and updated in 2007 put the cost of a replacement vessel at between approximately £35 million and £75 million, depending on the country of origin. No decision will be taken on whether to replace the RMS St. Helena pending the completion of the public consultation I announced on 16 March.