A new report from the firm Deloitte LLP commissioned by BCUC says it’s cheaper to cancel the controversial Site C.
The report looks at the ratepayers cost of suspending the project or terminating it altogether.
The report says that it could cost $1.4-billion to postpone the $8.8-billion megaproject, whereas terminated the project would save ratepayers around $200-million.
The NDP government asked the BC Utilities Commission to look into the economic viability of the project as one of their first orders of business after gaining control of the legislature.
The commission with consider this report as part of their review in determining the future of this project.
The report also outline that the project is already facing delays and cost inflations that could highjack the pricetag of the project.
If they choose to suspend the project, the report says that an entirely new project would have to be defined, including a new budget and schedule.
Terminating the project would require complete remediation of the site so wild-life and vegetation will return.
A final report from BCUC is due November first.