Author Topic: How much did they cost, in todays money  (Read 6061 times)

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Online Rob Lightbody

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How much did they cost, in todays money
« on: Jun 03, 2010, 01:42 PM »
How much did Queen Elizabeth and Queen Mary cost to construct, in today's money?  Not only were they very advanced and powerful etc., but no expense was spared on their interiors.

How much would it cost to build an equivalent ship today - e.g. best in the world, biggest, fastest, with absolutely the most luxurious interiors afloat with the very best materials from every corner of the world, designed by the very best British designers of today.
Passionate about QE2's service life for 40 years and creator of this website.  I have worked in IT for 28 years and created my personal QE2 website in 1994.

Offline Twynkle

Re: How much did they cost, in todays money
« Reply #1 on: Jun 03, 2010, 02:24 PM »
Queen Mary cost £3,500,000 in 1934 (I think!)
 £1.00 in 1934 = £51.70 (retail price index 2008!)
Therefore if she was built to the same spec as then - with 'best everything',
and if I have done the sums right - she would cost roundabout £180,950,000

Cunard took out a loan in 1937/8 (I think!) from the government of £5,000,000 for Queen Elizabeth
That would be £258,500,000 today

Her exact cost might well be found in Clive Harvey's good book!
« Last Edit: May 13, 2011, 08:22 PM by Twynkle »

Online Peter Mugridge

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Re: How much did they cost, in todays money
« Reply #2 on: Jun 03, 2010, 02:29 PM »
I think it might be more than that because the RPI is only an average and I would imagine that the specialist skills involved in some of the areas would have gone up at a higher rate?

Interesting question - I will try to delve into this a bit myself later.
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Offline Twynkle

Re: How much did they cost, in todays money
« Reply #3 on: Jun 03, 2010, 02:36 PM »
Why not try ordering one, Peter  :)

Labour was very cheap in those days, certainly in Liverpool.
 - it would have been the parts that 'cost'!

Online Peter Mugridge

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Re: How much did they cost, in todays money
« Reply #4 on: Jun 03, 2010, 02:43 PM »
Labour costs is why shipbuilding has moved to production line methods and to areas of the World where wages are lower isn't it?

Another factor, the technology is a lot more these days, all those computerised systems although I think you would want to compare directly assuming the same 1930s technlogy on board?


But look at the price tag for the new RN Type 45 Destroyers - £1 billion for each ship!
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Online Michael Gallagher

Re: How much did they cost, in todays money
« Reply #5 on: Jun 04, 2010, 12:25 PM »
You have to take into account the price of steel and the type of steel required. They were all-steel ships like QM2 which added considerably to her build cost.

Offline Jeff Taylor

Re: How much did they cost, in todays money
« Reply #6 on: May 13, 2011, 06:00 PM »
QM2 cost +/- $800 million (I'll let you turn it into pounds).  I'm not sure how comparable she is to the real Queens, but I'm guessing she's a relatively fair current-day equivalent FWIW.

Online Rob Lightbody

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Re: How much did they cost, in todays money
« Reply #7 on: May 15, 2011, 05:21 PM »
QM2 cost +/- $800 million (I'll let you turn it into pounds).  I'm not sure how comparable she is to the real Queens, but I'm guessing she's a relatively fair current-day equivalent FWIW.
I have it on good authority that she cost a fair bit more than that... due to a French subsidy...
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Online cunardqueen

Re: How much did they cost, in todays money
« Reply #8 on: May 15, 2011, 05:49 PM »
Quote
  QM2 cost +/- $800 million (I'll let you turn it into pounds).  I'm not sure how comparable she is to the real Queens, but I'm guessing she's a relatively fair current-day equivalent FWIW.

I have it on good authority that she cost a fair bit more than that... due to a French subsidy...   

Has she now paid for herself ? and if not when do they expect to do so, and if she has paid for herself when did she reach this point.. Not that lm expecting an answer, But no harm in asking.. ;)

It would be interesting to know what the break even figure was for QE2 l know it isnt just as easy as that But in terms of passenger load at which point did she start to run into profit ie on a voyage.   
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