The Site C dam project faces “significant schedule and cost pressures” that could inflate its final price tag to more than $12.5 billion, according to a new report by one of Canada’s leading auditing firms.
The report, by Deloitte LLP, was commissioned by the B.C. Utilities Commission as part of an independent review of the BC Hydro project on the Peace River ordered by the new B.C. government.
The report substantiates statements from many prominent critics of the project, including former BC Hydro CEO Marc Eliesen, that the $8.8 billion project faces serious risks of major cost overruns.