The federal Crown corporation that owns the pipeline says the ballooning costs are due to a number of factors, including inflation and supply chain challenges, flooding in B.C. and unexpected major archeological discoveries along the route.
The 1,150 km Trans Mountain pipeline carries 300,000 barrels of oil per day, and is Canada's only pipeline system transporting oil from Alberta to the West Coast.
Its expansion will increase the pipeline's capacity from 590,000 barrels per day to a total of 890,000 barrels per day. Construction of the project is close to 80 per cent complete, with mechanical completion expected to occur at the end of this year, and the pipeline expected to be in-service in the first quarter of 2024.
Overall, the Trans Mountain pipeline has seen a 472 per cent increase in cost since its original estimate ten years ago in 2013, which was $5.4 billion.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Trans Mountain oil pipeline expansion costs surge 44% to C$30.9 billionIt is now expected to start shipping oil in the first quarter of 2024.
Lire la suite »
Trans Mountain oil pipeline expansion costs surge 44% to 30.9-billionTrans Mountain credits increase on several factors including inflation and supply chain issues, unexpected major archaeological discoveries and challenging terrain
Lire la suite »
Trans Mountain pipeline expansion costs surge 44% to $30.9 billionThe government\u002Downed Trans Mountain expansion has been beset by delays that have pushed up the cost of the pipeline by 44 per cent. Read on.
Lire la suite »
Roughnecks hope Rocky Mountain High rubs off on them in DenverA weekend win by the Riggers over the defending champion Colorado Mammoth in Denver would go a long way to helping their championship cause.
Lire la suite »
Roughnecks hope Rocky Mountain High rubs off on them in DenverA weekend win by the Riggers over the defending champion Colorado Mammoth in Denver would go a long way to helping their championship cause.
Lire la suite »
‘Loved to death’: Balancing recreation and conservation in Alberta’s mountain parks | Globalnews.caUsing personal vehicles to access Banff National Park is not sustainable and using transit should be encouraged, according to a panel on sustainable transportation.
Lire la suite »