Trans Mountain's latest cost estimate climbs 10 per cent, filing shows
The company building the Trans Mountain pipeline expansion estimates the costs will come in 10 per cent higher than its May 2023 estimate.
Stay updated with breaking news from Greg Pardy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The company building the Trans Mountain pipeline expansion estimates the costs will come in 10 per cent higher than its May 2023 estimate.
CALGARY - 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.
Breaking News, Sports, Manitoba, Canada
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.
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.