OTTAWA — The parliamentary price range officer says Canada’s unique contract with German auto large Volkswagen to construct an electric-vehicle battery plant in southwestern Ontario will value the federal authorities as much as $16.3 billion over the following ten years.

That determine is larger than what the federal authorities stated the deal would value taxpayers, which included a $700-million upfront capital funding and as much as $13.2 billion in manufacturing subsidies.

The PBO estimate contains the $700-million contribution for the development of the plant and $12.8 billion in manufacturing assist, but additionally estimates Ottawa must make further tax changes that whole $2.8 billion to match the advantages provided by the U.S. Inflation Discount Act.

The report revealed Wednesday gives a fiscal and financial evaluation of the development section of the power solely, leaving out the operation section.

Yves Giroux, the parliamentary price range officer, says his workplace is unable to tackle evaluation of the prices and advantages arising from the operation of the plant till it receives clearance from the federal authorities and Volkswagen.

He says the deal contains confidential info relating to minimal manufacturing ranges that can not be disclosed immediately or not directly.

“It’s totally onerous to evaluate with out doing additional evaluation and with out being relieved of the confidentiality provisions that cowl the manufacturing schedule,” Giroux stated in a media briefing.

The evaluation of the development phaseestimates that the deal would create a peak of three,100 jobs at the beginning of 2026, however that determine would fall to 1,400 by the top of 2027.

The federal authorities introduced in April the main points of the deal — which might see Volkswagen construct its first gigafactory exterior of Europe —and promised it will create as much as 3,000 direct jobs and 30,000 oblique jobs.