On the heels of a major federal court victory, Canada’s multibillion-dollar Trans Mountain pipeline expansion project has been hit with a more than 70% cost hike that has raised questions about its viability.
Trans Mountain Corp., the federal corporation that manages the project since its 2018 acquisition, announced on Feb. 7 that the pricetag for the long-delayed project has jumped to $9.5 billion, up from $5.6 billion previously.