91.5FM
91.5HD2
8.85 c91.5 FM
91.5 HD2
Trans Mountain costs estimate reach $12.6 billion
BY , Feb 7, 2020 8:23 PM - REPORT AN ERRORLAST UPDATED ON Apr 24, 2020 3:31 PM
Pipe for the Trans Mountain pipeline is unloaded in Edson, Alta. on Tuesday June 18, 2019. THE CANADIAN PRESS/Jason Franson
Pipe for the Trans Mountain pipeline is unloaded in Edson, Alta. on Tuesday June 18, 2019. THE CANADIAN PRESS/Jason Franson
The cost to Canadian taxpayers to build the Trans Mountain pipeline has ballooned to 12.6-billion dollars from its initial estimate of 7.4-billion dollars.
The president and C-E-O of the federally owned company provided an update on the pipeline upgrade which will triple the amount of Alberta bitumen moving from the Edmonton-area to port in Burnaby and on to overseas markets by freighter.
Ian Anderson says when spending committed so far is subtracted from the total budget, just over eight-billion dollars will be needed to complete the project plus nearly two-billion dollars in financial carrying costs.
But he says the expansion is now expected to be finished and operating by the end of 2022.
Share on
Related News
Sign up for the newsletter
We'll deliver best of entertainment right into your inboxWe love to hear from our listeners, so feel free to send us message
Message us on whatsapp
