Improvements and enhancements to the Trans Mountain Expansion Project is building legacy for Canadians
A
s we enter the second half
engineering, this complex and large-scale
Trans Mountain has completed a full
of construction on the Trans
project is making steady progress and
review of its project schedule and
Mountain Expansion Project,
setting new standards for major pipeline
cost estimates. With all work fronts
and after more than a decade
project execution, while overcoming
now active, mechanical completion
of review, engagement, planning, and
significant challenges and obstacles.
of the project is anticipated to occur in the third quarter of 2023. The total project cost has increased from $12.6 to $21.4 billion. This estimate includes the costs of all known project enhancements, changes, delays, and financing, including impacts of the COVID-19 pandemic and the substantial preliminary impacts of the November 2021 floods in the Hope, Coquihalla, and Fraser Valley areas. “The progress we have made over the past two years is remarkable when you consider the unforeseen challenges
10 B.C. OIL & GAS REPORT • 2022/2023
