List Your Equipment For Free  /  Seller Login

Developers Say Mountain Valley Pipeline to Now Cost $4.6B

Mon October 15, 2018 - Northeast Edition
Associated Press


(mountainvalleypipeline.info photo)
(mountainvalleypipeline.info photo)

ROANOKE, Va. (AP) Developers of a natural gas pipeline set to run through West Virginia and Virginia said the project's cost has risen from $3.7 billion to $4.6 billion.

The Roanoke Times reported Mountain Valley Pipeline developers released the revised cost estimate on Sept. 24.

A Mountain Valley statement said about half of the increase is due to a construction lull in August. That pause was due a federal appeals court invalidating two permits and the Federal Energy Regulatory Commission ordering work halted.

Mountain Valley said the remaining cost increase is due to “extraordinary rainfall events,” hurricane prep and “unanticipated construction costs overruns.”

The project has been in the works since 2014 when Mountain Valley estimated its cost at $3 to $3.5 billion. It hopes to finish the project by the fourth quarter of 2019.




Today's top stories

Iconic Hotel Being Demolished to Make Way for Baseball Stadium

MD 4 Project to Add Diamond Interchange

Volvo Construction Equipment Showcases New Products at North American Volvo Days

VIDEO: Anniversary of Highway Workers' Memorial Renews Calls for Work Zone Safety

Yanmar Compact Equipment Introduces New Line of Branded Attachments for Compact Track Loaders

Caterpillar Introduces Dynamic Energy Transfer Solution for Battery, Diesel-Electric Mining Equipment

Five Finalists Compete for Grand Prize Makeover in Bobcat Park and Rec Makeover Contest

VIDEO: Students From Washington, Ohio Earn Top Honors in Annual ARTBA Transportation Video Contest


 







39.95234 \\ -75.16379 \\ Fort Washington \\ PA