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‘A colossal waste’: BC Hydro report hints at cost overruns at Site C dam – The Narwhal

A revealing update from BC Hydro says the project’s budget — which has grown from $6.6 billion to $10.7 billion — is now ‘under pressure’ and ‘did not contemplate certain unforeseen financial impacts’

The troubled Site C dam project is poised for more cost overruns and schedule delays despite repeated assurances from B.C.’s NDP government that the project will be delivered on time and within its revised budget of $10.7 billion.

Details are found in BC Hydro’s unusually frank quarterly report to the B.C. Utilities Commission, filed on Jan. 15, which reveals significant problems with the publicly funded dam amidst the typically positive project updates.

Some of the more serious issues include “significant cost pressures and/or budget increases” since the NDP government approved an additional $2 billion for the project two years ago and a September cost risk analysis showing that the revised Site C dam project budget is already “under pressure.”

Read More: https://thenarwhal.ca/a-colossal-waste-bc-hydro-report-hints-at-cost-overruns-at-site-c-dam/

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