Trans Mountain blames massive spike in project cost on natural disasters, debt costs — and frogs

WNews
WNews 1 Min Read

The projected cost of twinning the Trans Mountain pipeline has nearly tripled because of natural disasters, environmental protection measures and rising debt payments, according to the government-owned pipeline corporation.

The latest figures show TMX’s initial $7.4 billion price tag — projected when the federal government purchased the project in 2018 — has since ballooned to $21.4 billion.

The federal Department of Finance updated those figures in February during a Friday news conference — held on a day when media outlets were distracted by Ottawa police beginning to clear out an entrenched anti-vaccine mandate convoy protest on Parliament Hill.

“[The federal government has] done a horrible job

- Advertisement -
Share This Article
Leave a comment
Report a Bug/Suggest Feature

Notice a bug on the site or want to suggest a feature. Please fill out the information below and one of our IT will look at the bug/feature report. If we have any questions or want more information, we will reach out vis email.

Reading: Trans Mountain blames massive spike in project cost on natural disasters, debt costs — and frogs

(C) 2012 – 2024  | WNews Broadcasting Corp, a W-World Company | All Rights Reserved

Connect
with Us

Report a Error with this Story

Notice a error or facts with this story, please submit the information below and someone from our newsroom will review it and change if required 

Beta

Welcome to The New W.News

It is with great pleasure that we welcome you to W.News 6, the most extensive update ever. Please bear with us as we continue to work on and fine tune the new site. WNewsNetwork.com will remain online until June 30, 2024.