pandmic

Yellowknife needs to find extra $23M for critical new water pipe

Yellowknife needs to find extra $23M for critical new water pipe

The City of Yellowknife says the cost of a new underwater pipeline to its municipal water source has risen from $34 million to $57 million in the four years since federal funding was received. The city has almost $26 million in federal cash from a disaster mitigation fund to put toward the pipeline from the Yellowknife River to its treatment facility. Initially, that left the city with $8 million to find. But a fresh assessment of the project puts the bill at $23 million more than was first thought in 2019, before the pandemic and various global supply chain issues. Under its agreement with the federal government, the city has to find all of that extra cash – a total of $31 million once you add the cost increase to the initial $8 million.