Trans Mountain’s latest cost estimate climbs 10%, regulatory filing shows – Maharlika News
February 29 2024
The company building the Trans Mountain pipeline expansion now estimates the project’s costs will come in 10 per cent higher than its May 2023 estimate of $30.9 billion.
Company had estimated the cost of project at $30.9B last May
The company building the Trans Mountain pipeline expansion now estimates the project’s costs will come in 10 per cent higher than its May 2023 estimate of $30.9 billion.
That’s according to a regulatory filing Trans Mountain Corp. provided to the Canada Energy Regulator on Monday. It represents the latest in a series of cost increases for the high-profile project, which in 2017 was estimated to cost just $7.4 billion.
In the filing, Trans Mountain Corp., which is a Crown corporation, said the latest tally is subject to the receipt of final costs and expenses once the pipeline project is complete.
