Enbridge Line 3 construction costs increase by $1.1 billion
February 17, 2021
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.