Posted AT 3:54 AM EDT on 06/07/06
Cost of Athabasca could hit $20-billion
CALGARY — Costs to expand Shell Canada Ltd.'s Athabasca Oil Sands Project have soared 50 per cent in just one year, which means the roughly $7.3-billion price tag for the first phase could rise towards $11-billion.
The cost of the full three-stage expansion, pegged at about $13.5-billion last year, now might come in at more than $20-billion.
"Intense demand for construction labour, material and supplies . . .
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