[Section 15] Bruce reactors restart to go overbudget

The cost to repair two nuclear power reactors in Ontario at the Bruce reactors site has -- surprise -- mushroomed.

The original costs were estimated at $2.75 billion (back in 2005), and now the costs are estimated at $3.1 to $3.4 billion.

That's a 13% to 24% cost increase from the original estimate.

The project is 60% complete, which means there is still time for the true costs to rise even more, which, keeping to the trend, could bring overruns to 18% to 34% of the original estimate.

Nice work.

--
Posted By Mark Francis to Section 15 at 4/19/2008 10:21:00 AM