TC Energy says the new estimate excludes potential cost recoveries and incorporates contingencies for certain factors that may be beyond its control. YYC
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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Read more »
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.
Read more »
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.
Read more »
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.
Read more »
The Daily Chase: Awaiting U.S. Fed rate decision; TC Energy’s Coastal Gaslink price rises - BNN BloombergIt’s decision day for U.S. Federal Reserve Chair Jay Powell, as the world’s most-influential central bank is poised to deliver its latest rate decision.
Read more »
Goldilocks is back! Markets start 2023 in red-hot formAfter $14-trillion was wiped off world shares in 2022, $4-trillion has been added back this month
Read more »