The $1.6-billion Woodfibre LNG project has declared that it will start major construction on its site in 2023, following years of deferrals.
WLNG said in a news release that it has issued a Notice to Proceed to its construction contractor, McDermott International.
This Notice to Proceed is an instruction from Woodfibre LNG to McDermott to begin the work required in order to move the project toward major construction commencement in 2023.
Woodfibre LNG expects to reach substantial completion in 2027.
“We have different terminology from other projects. While we don’t call it a [Final Investment Decision], this is similar in that it marks the go-ahead for construction,” said spokesperson Rebecca Scott in an email to The Squamish Chief. “Pre-construction starts this year, then major works in 2023. There will be a gradual ramp-up to peak construction in 2025.”
Pre-construction refers to the $25-million site cleaning and preparation process, which has been ongoing to this point.
Since the company doesn’t use the term, ‘Final Investment Decision,’ she said in the email, this will be the closest that Woodfibre LNG will come to declaring something of that nature.
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