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News » Canada » Decision taken on troubled BC hydro project » published 15 Dec 2017

Decision taken on troubled BC hydro project

Construction of the troubled Site C hydroelectric project in British Columbia is to be completed by the provincial government.

The BC government said that to do otherwise would put British Columbians on the hook for an immediate and unavoidable CA$4bn bill – with nothing in return.

Based on current projections, BC Hydro has revised the budget to CA$10.7bn.

“Megaproject mismanagement by the old government has left BC in a terrible situation,” said Premier John Horgan. “But we cannot punish British Columbians for those mistakes, and we can’t change the past. We can only make the best decision for the future. It’s clear that Site C should never have been started. But to cancel it would add billions to the orovince’s debt – putting at risk our ability to deliver housing, child care, schools and hospitals for families across BC.”

Had the government decided to cancel Site C, it would have taken on the project’s CA$3.9bn in debt, made up of CA$2.1bn already spent and another CA$1.8bn in remediation costs.

A report published in November had set out options for the project (link opens in new tab).

Horgan said that in moving forward with the project, his government will launch a Site C turnaround plan.

 

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This article was published on 15 Dec 2017 (last updated on 18 Dec 2017).

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