The independent Muskrat Falls oversight committee is forcing Nalcor to do more detailed auditing around the $8.5-billion megaproject.
Photo by James McLeod/The Telegram
The oversight committee today issued a report on what it's doing to keep an eye on costs and risks associated with the Muskrat Falls project.
The report has been months coming, since Premier Tom Marshall promised beefed up oversight of the project earlier this year.
The Telegram reported that the government wasn't reviewing reports from the Muskrat Falls independent engineer — at the time, the only agent doing independent ongoing oversight on the project.
Since the committee of senior bureaucrats was struck this spring, they've been setting up a formal structure for getting information from Nalcor and the independent engineer.
On top of that, the committee has told Nalcor's external auditor, Deloitte, to do more detailed auditing on the specific Muskrat Falls aspects of the business.
In the future, the oversight committee is promising to report four times a year, and provide updated cost estimates and any changes to the project time line with each update.