Trans Mountain pipeline expansion cost jumps 70 per cent to $12.6B – Sherwood Park News

by ahnationtalk on February 11, 202063 Views

Trans Mountain Corp. says the cost of its pipeline expansion project has soared to $12.6 billion from $7.4 billion.

Company president Ian Anderson said, in a conference call on Friday, Feb. 7, that significant increases in labour, steel, and land have contributed to the new estimate. Despite the cost, he said construction will be underway in B.C. before the end of the year, with an average of 2,200 workers from B.C. He anticipates it will take two years to complete.

Anderson said he was very confident that the project can be built with the $12.6 billion, and said he was optimistic about what is ahead in 2020.

“The economics of this pipeline remain strong, both for the owners and the shippers,” he said.

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