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Trudeau's pipeline project increases cost estimate by $3.1 billion
The expansion of the Trans Mountain oil pipeline will cost about $3.1 billion more than the Canadian government-owned company running the project projected in May, another financial setback for a project beset by spiralling expenses and years of delays. Costs for the expansion — which involves twinning a pipeline stretching from Edmonton to Vancouver — will be 10 per cent more than the most recent estimate of $30.9 billion, the company said in a filing with the Canada Energy Regulator on Monday. That brings the total cost to about $34 billion, more than six times the original estimate of $5.4 billion in 2013. The ... (full story)