Video

On Point: What's next for Muskrat Falls?

Newfoundland and Labrador Premier Kathy Dunderdale says the last details are finalized on the Muskrat Falls deal, but the costs of construction at the site have fluctuated as progress continues.
On Point this week, we're looking at the next steps for the Muskrat Falls project. With financing in place, the focus is now on managing construction. Nalcor CEO Ed Martin tells us how he plans to manage the cost. Plus, our party insiders on what the financing deal means for the politics of the hydro project. 18:20

Newfoundland and Labrador Premier Kathy Dunderdale says the last details are finalized on the Muskrat Falls deal, but the costs of construction at the site have fluctuated as progress continues.

Ed Martin, President and CEO of Nalcor Energy, said the overall cost is a floating target as details change.

"We are still in the process of letting some contracts, some significant contracts, although we have let very, very many," Martin said.

"We need to get a full picture, and I would say you can't hold me to a date right now, but as soon as we get the last of the major contracts in place, we'll have a pretty good idea again of where this thing is going to end up."

According to Martin, final numbers should be expected in March or April 2014.

Check out the full episode of this week's On Point with David Cochrane, above.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.