Trans Mountain Corp. had said if its route deviation request was denied, it could result in a nine-month delay and $86 million more to the pipeline’s final price tag.
The pipeline project’s cost has already soared from an initial purchase price of $4.7 billion by the federal government in 2018, to a whopping $30.9 billion – and it is still not complete.
Trans Mountain’s debt is backstopped by the federal government and could very well be borne by Canadian taxpayers.
The regulator said it would release the reasons for its decision in the coming weeks.
More to come.
With files from Kamyar Razavi
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