Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Enbridge Line 3 construction costs increase by $1.1 billion

 

February 17, 2021

Enbridge's Line 3 oil pipeline under construction near the intersection of Hohensee Road and West Moorhead Road in Carlton County in January. (Clint Austin / 2021 file / caustin@duluthnews.com)

The cost to build Enbridge's Line 3 oil pipeline, currently under construction across northern Minnesota, has increased by $1.1 billion, the company told investors Friday.

In a call announcing 2020 financial results, Enbridge President and CEO Al Monaco said regulatory delays, winter construction, additional environmental measures and COVID-19 protocols forced costs to build the U.S. segment - 93% of which is in Minnesota - to jump from $2.9 billion to $4 billion.

"This increase really stems mainly from our revised execution plan related to regulatory and permitting processes in Minnesota," Monaco said.

https://www.duluthnewstribune.com/business/energy-and-mining/6888282-Enbridge-Line-3-construction-costs-increase-by-1.1-billion

 

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