CALGARY — The estimated cost of the Coastal GasLink pipeline has increased by 29 per cent to $14.5 billion, as the company behind the project continues to be dogged by unexpected construction issues and rising labour costs.
“We are disappointed with the increase in the Coastal GasLink Project costs,” TC Energy chief executive François Poirier said in a statement. Construction of the pipeline is 83 per cent complete and TC Energy hopes to complete the project by the end of this year. However, the company warned Wednesday that if construction extends into well into 2024, it could add up to an additional $1.2 billion to the project’s cost.
TC Energy said its overall 2023 capital expenditure outlook has been revised to approximately $11.5 to $12.0 billion, reflecting the deferral of certain project spending, expected cost-saving initiatives and incremental funding requirements associated with Coastal GasLink.
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TC Energy raises estimated cost to complete Coastal GasLink project to $14.5-billionThe new estimated cost is up from the previously pegged amount of $11.2-billion, as TC Energy faces a skilled labour crunch and adverse weather conditions What a scam
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TC Energy raises expected cost of Coastal GasLink project to $14.5 billion | Globalnews.caTC Energy says the new estimate excludes potential cost recoveries and incorporates contingencies for certain factors that may be beyond its control. YYC
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TC Energy raises expected cost of Coastal GasLink project to $14.5 billionCALGARY — TC Energy Corp. is raising its estimate for the cost of its Coastal GasLink project to $14.5 billion, up from an earlier estimate of $11.2 billion.
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Coastal GasLink price tag climbs to $14.5 billion and could go even higherTC Energy\u0027s Coastal GasLink pipeline is expected to cost $14.5 billion and add $1.2 billion if construction is extended into 2024. Read on. Ummm, anybody has info about that defi bot everybody's talking about Shame on Canada, shame on the Liberals shame on the NDP. Here we have a cash fountain and they just do everything they can to shut it down.
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Coastal GasLink price tag climbs to $14.5 billion and could go even higherTC Energy\u0027s Coastal GasLink pipeline is expected to cost $14.5 billion and add $1.2 billion if construction is extended into 2024. Read on. Not 'could' but 'will'. Bet you dollars to doughnuts that the feds are about to post a $10 billion loan guarantee for them. Our government continues to defraud the public. Fire these corrupt politicians now! This was as predictable as the setting sun. Add another 5 billion to the cost and extend it to through 2025 will be the next update
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Coastal GasLink price tag climbs to $14.5 billion and could go even higherTC Energy\u0027s Coastal GasLink pipeline is expected to cost $14.5 billion and add $1.2 billion if construction is extended into 2024. Read on.
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