‘It’s much, much more’: Trans Mountain pipeline expansion cost jumps to $12.6 billion - News Summed Up

‘It’s much, much more’: Trans Mountain pipeline expansion cost jumps to $12.6 billion


Just this week, the project survived a court challenge as the Federal Court of Appeal dismissed challenges from several First Nations. Activists in British Columbia have pledged to continue fiercely opposing the project, even though construction has already begun in Alberta. The biggest single factor in the increase, however, was an extra $1 billion in the “cost of financial borrowing,” he said. Meanwhile, on Parliament Hill, opposition MPs seized on the ballooning construction cost to criticize the Liberal government. Sign Up NowThe Conservatives strongly support pipeline construction, and Stubbs called on the government to “immediately” sell Trans Mountain to the private sector to avoid dumping more public money into its construction.


Source: thestar February 08, 2020 00:11 UTC



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