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Fort Hills oilsands project cost pegged at $14.1B |
| Home | (CBC News) - The consortium behind the Fort Hills oilsands project will forge ahead with the next stage of the development, despite a preliminary cost estimate of $14.1 billion for the first stage. That amount is expected to cover development and construction of the first phase of the mine and upgrading components of the project. The mine is 90 kilometres north of Fort McMurray, Alta., while the upgrader will be in Sturgeon County, near Edmonton. Petro-Canada revealed the cost Thursday as it announced the Fort Hills partnership would proceed with engineering and design studies that are expected to take a year. |