The Metro Vancouver regional government is striking a task force to review options for completing the new North Shore sewage treatment plant in the wake of ballooning costs that could put huge pressures on North and West Vancouver taxpayers.“This project has experienced extraordinary circumstances that have come at an unfortunate time of extreme market volatility for Canada,” Harvey said in a statement.
Sources recently suggested to Glacier Media that the true cost estimates could now be sitting at up to quadruple that figure. Little said while Metro Vancouver has overseen the project, which was required in response to federal government environmental laws, the North Shore still faces the largest potential financial penalty for the cost overruns. “It would represent a significant amount of taxation to North Shore residents,” he said.
“That is a big problem,” he said. “The bigger problem is we’re this far in and the project is only 80 per cent designed.”