YELLOWKNIFE — Cleanup of one of the most contaminated sites in Canada is estimated to cost taxpayers more than four times what was initially expected.
The Treasury Board of Canada recently approved a new $4.38-billion cost estimate for the remediation of Giant Mine, a former gold mine that operated from 1948 to 2004 within Yellowknife city limits.
The federally led project was estimated to cost just under $1 billion in 2013, but that did not take into account inflation, contingency and project management costs, as well as the fact that remediation plans have since expanded.
No comments:
Post a Comment