BC Hydro Describes "Colossal Waste" At Site C Dam; Costs Up From $6.6 To $10.7 Billion
The troubled Site C dam project is poised for more cost overruns and schedule delays despite repeated assurances from B.C.s NDP government that the project will be delivered on time and within its revised budget of $10.7 billion.
Details are found in BC Hydros unusually frank quarterly report to the B.C. Utilities Commission, filed on Jan. 15, which reveals significant problems with the publicly funded dam amidst the typically positive project updates.
Some of the more serious issues include significant cost pressures and/or budget increases since the NDP government approved an additional $2 billion for the project two years ago and a September cost risk analysis showing that the revised Site C dam project budget is already under pressure. BC Hydro also acknowledged, for the first time, that a fast-approaching and already revised timeline for completing two critical river diversion tunnels is at risk, noting issues with the tunnel liner concrete that include falling pieces of concrete chunks as large as 18 metres by three metres.
If the river diversion tunnels are not finished next month as forecast, the Site C projects long-promised completion date of 2024 could be delayed by one year, adding further to the projects escalating cost. Im not at all surprised by whats happening, former BC Hydro CEO Marc Eliesen told The Narwhal.
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https://thenarwhal.ca/a-colossal-waste-bc-hydro-report-hints-at-cost-overruns-at-site-c-dam/