23 July 2012

Sunk Cost – Muskrat Falls #nlpoli

The chart below is taken from a Nalcor information hand-out describing the project’s capital expenditures to the end of March 2011.

What that covers are the various costs for engineering, staff, advertising and communications and anything else that the Labrador project office has spent getting ready to build the project.

The pre-2003 figures include $57 million spent between 1998 and the end of September 2004, the details of which the provincial government released in 2004.

sunk costs