Wednesday, August 8, 2018

Invisible Morneau: Trans Mountain Now Expected to Cost $1.9 Billion More And One More Year...Thanks to SEC Filings

https://nationalpost.com/news/politics/cost-to-twin-trans-mountain-pipeline-now-1-9b-higher-kinder-morgan-says?video_autoplay=true

"Kinder Morgan has long said it would cost $7.4 billion to build a second pipeline parallel to the first in order to triple its capacity, but the financial documents now say the company expects a $9.3-billion price tag.

The documents also suggest construction won’t be done until December 2021 — a full year beyond the last projection of December 2020.

Finance Minister Bill Morneau has been reluctant to discuss how much more it will cost to build the pipeline while the deal is still being finalized, and the closing date for that deal is now being pushed back well into the fall."

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