So far as I know, all of the funding is there to put her back together. That hasn't been an issue. The problem is the lack of technically knowledgeable labor! There are only a couple of full time staff that are working on her and it's taking twice as long to finish her up as originally predicted (I suspect that having #40 and #12 to run events did nothing to instill a sense of urgency in them about completing #346!)
The last I spoke with an official at the CRRM (in Nov.) he told me that they were still planning on having it ready for the 2006 summer season but he didn't look very confident that they would meet the deadline. I haven't heard anything since then.