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Site C to the rest of the BC Hydro system through The need for foundation enhancements on the
the Peace Canyon generating station. right bank, along with other cost pressures prior to
COVID-19, have also contributed to the increase. In
The Site C Project continues to face significant June 2020, the B.C. Treasury Board approved the
challenges that have materially impacted the new budget of $16 billion and the new in-service
project cost and schedule. In February 2021, the date of 2025.
Government of British Columbia (B.C.) announced a
revised cost estimate to complete the Project of $16 There are significant challenges relate to
billion, along with a new expected in-service date of geotechnical issues on the right bank. By early
2025, as a result of the delays and impacts of the 2020, BC Hydro had determined that significant
pandemic. foundation enhancements were required to increase
24 AUG 2021 | BUSINESS ELITE CANADA
