British Columbia says the projected cost to replace the George Massey Tunnel in Metro Vancouver has increased substantially. Transportation Minister Mike Farnworth reports the replacement is now estimated at $8.5 billion, which is more than double the previous budget. The update comes shortly after the Carney government announced it would provide up to $3 billion toward the project. The reports describe the new figure as part of revised planning and cost estimates for the tunnel replacement. While the coverage focuses on the increase, it does not provide additional details in the excerpts about the specific reasons for the higher estimate. The government’s stated funding commitment of up to $3 billion is presented as a separate element of the broader project financing, with the overall estimated cost now placed at $8.5 billion. Overall, the sources agree on the scale of the increase and the minister’s role in announcing the updated estimate.
B.C. raises estimated cost for George Massey Tunnel replacement to $8.5 billion
British Columbia says the projected cost to replace the George Massey Tunnel in Metro Vancouver has increased substantially. Transportation Minister Mike Farnworth reports the replacement is now estim...
- B.C. estimates the George Massey Tunnel replacement will cost $8.5 billion.
- The $8.5 billion estimate is more than double the previous budget.
- Transportation Minister Mike Farnworth announces the revised cost projection.
- The project cost increase is reported as coming shortly after a government announcement of up to $3 billion in funding support.
- The replacement is planned for the George Massey Tunnel in Metro Vancouver.
The new cost comes less than a week after Carney government announced they would provide up to $3-billion for the replacement
1 hour agoVANCOUVER — The projected cost of replacing the George Massey Tunnel in Metro Vancouver has ballooned to $8.5 billion, more than double the previous budget, the provincial transportation minter said Monday.
1 hour agoVANCOUVER — British Columbia Transportation Minister Mike Farnworth says the projected cost of replacing the George Massey Tunnel in Metro Vancouver has ballooned to $8.5 billion, more than double the previous budget.
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