Next month marks five long years since Texas energy giant Kinder Morgan first pitched expanding its 64-year-old oil pipeline across British Columbia in 2012.
But on Thursday, a half-year before it hopes shovels will hit the ground, the price tag on the nearly 1,200-kilometre Trans Mountain Expansion Project got even longer — nearly 40 per cent longer.
According to a company release, the estimated cost to complete the pipeline by 2019 jumped by $2 billion since it proposed the tripling of its daily heavy oil flow from Alberta’s oil sands to its Burnaby, B.C. terminal, totaling an expected $7.4 billion.
David P. Ball – Metro Vancouver – March 9, 2017.
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