B.C. Pushes Forward with Site C Hydro Megaproject Despite $16-Billion Price Tag
- Mar 1, 2021 11:30 pm GMTMar 4, 2021 5:04 pm GMT
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Premier John Horgan has given the green light for work on British Columbia’s Site C hydroelectric dam to proceed, citing termination costs of more than C$10 billion and expert opinion that the geotechnical problems that have haunted the project can be fixed. Members of the West Moberly First Nations say they’ll see the province in court.
The decision to go ahead with the Peace River megaproject comes even as the province reveals that its costs have ballooned to $16 billion, virtually double the original estimate of $8.775 billion, writes CBC News. The new figure arrived with the recent release of former deputy finance minister Peter Milburn’s review of the project, which the province requested last year after BC Hydro expressed strong reservations about Site C’s “budget, schedule, and scope”, explains CBC.