The projected cost of twinning the Trans Mountain pipeline has nearly tripled because of natural disasters, environmental protection measures and rising debt payments, according to the government-owned pipeline corporation.
The latest figures show TMX’s initial $7.4 billion price tag — projected when the federal government purchased the project in 2018 — has since ballooned to $21.4 billion.
The federal Department of Finance updated those figures in February during a Friday news conference — held on a day when media outlets were distracted by Ottawa police beginning to clear out an entrenched anti-vaccine mandate convoy protest on Parliament Hill.
