Mackenzie Gas Project to cost $16.2B

New estimates of overall costs for the Mackenzie Gas Pipeline project have hit $16.2 billion, from an original $4 billion, Imperial revealed before stock markets opened early Monday.

The massive project’s in-service date was also rescheduled to 2014, three years past original estimates, due to significant delays in regional permits and approvals.

New estimates of overall costs for the Mackenzie Gas Pipeline project have hit $16.2 billion, from an original $4 billion, Imperial revealed before stock markets opened early Monday.

The Mackenzie Valley gas pipeline would have a capacity of 1.2 billion cubic feet per day and could be expanded to accommodate gas from other fields in the future.

Toronto Star