CALGARY, Alberta (Bloomberg) -- TransCanada Corp. said delays in receiving U.S. approval for its Keystone XL project have increased costs by 48% to $8 billion. TransCanada has been waiting since 2008 for a U.S. decision on the line that would carry Alberta oil-sands crude across the border to Gulf Coast refineries. The Calgary-based company has spent about $2.4 billion on the project as of Sept. 30, it said in a statement Nov. 4. It had previously estimated the 1,179-mile (1,897-km) project would cost $5.4 billion.
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Keystone XL pipeline costs rise to $8 billion, TransCanada says
![Keystone XL pipeline costs rise to $8 billion, TransCanada says]()
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