OTTAWA — Expanding the Trans Mountain pipeline will now cost at least $12.6 billion — a major increase from a three-year-old estimate of $7.4 billion on a project that Finance Minister Bill Morneau insists the Liberal government still plans to sell back to the private sector. Trans Mountain Corp., the federally owned company managing the project, has spent $2.5 billion, leaving an additional $8.4 billion needed to complete the project, plus $1.7 billion of financial carrying costs. Jason Franson/CP Pipe for the Trans Mountain pipeline is unloaded in Edson, Alta. “Nor is it the one we last provided a cost estimate for in early 2017. The company said political risk that the project would never get built was too much to bear and was planning to halt the expansion.

Source: Huffington Post February 07, 2020 17:35 UTC