The Muskrat Falls Inquiry saw plenty of documents today that show estimates being floated at Nalcor far exceeded the estimate being stated publicly.
Months before financial close in November, 2013, the $6.2-billion was nowhere to be found as estimates being shared among managers were more in the $6.8-$6.9 range.
Files being produced showing Nalcor knew Muskrat cost were higher than amount being stated publicly. pic.twitter.com/GqLZ1WxxC6
— Brian Madore (@bmadorevocm) May 24, 2019
Just weeks after financial close, managers were seeing for the first time cost estimates over $7-billion on the monthly reports.
The estimates during 2013 and 2014 were done with many variables regarding the Astaldi and other contracts.
The inquiry continues on Monday with testimony the heads of construction unions.
In May 2014,two numbers being kicked around internally at Nalcor – $7.2 B and $7.5 B. Publicly stated cost still $6.2 pic.twitter.com/zNccLCAcwq
— Brian Madore (@bmadorevocm) May 24, 2019
The 7.8 includes covering Astaldi over-runs. pic.twitter.com/lfuccFLi72
— Brian Madore (@bmadorevocm) May 24, 2019
