The company is targeting mechanical completion of the project by the end of 2023, with commissioning and cleanup work continuing into 2024 and 2025.However, it says a comprehensive cost and schedule risk analysis estimates that if construction extends well into 2024, it could add up to an additional $1.2 billion to the project’s cost.
TC Energy says its overall 2023 capital spending plan has also been revised to between $11.5 billion to $12.0 billion, compared with an earlier estimate of $9.5 billion.
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