Opposition parties promise new information on price of Trans Mountain pipeline

Federal opposition parties are promising new information about the price of the Trans Mountain pipeline at a morning news conference in Ottawa.

Environment critics from the Bloc Quebecois and the NDP, and the Greens‘ leader in the House of Commons Elizabeth May, say they’ll sound the alarm about ballooning costs on the project.

The federal government bought the existing oil pipeline between Alberta and the B.C. coast, and an unfinished plan to twin it, for $4.5 billion in 2018.

The latest tally says the total cost of the twinning project will be $12.6 billion, much higher than a previous $7.4-billion estimate.

Source: Read Full Article