Construction of the Trans-Alaska Pipeline System first load of oil from the Trans-Alaska Pipeline System. When the TAPS group initially proposed the pipeline in 1969, the proposed cost was $900 million, and the pipeline would be completed by 1972. By January 1970, the projected cost had risen from $900 million to $2 billion. In October 1973, Alyeska further refined its figures and anticipated a cost of between $3.1 billion and $3.5 billion, with the potential for a billion more. One year later, Alyeska released its most detailed cost estimate to that point: $5.982 billion. By June 1975, that figure had again risen to $6.4 billion. At
Pipeline transport Pipeline transport Pipeline transport is the long-distance transportation of a liquid or gas through a system of pipes—a pipeline—typically to a market area for consumption. The latest data from 2014 gives a total of slightly less than of pipeline in 120 countries of the world. The United States had 65%, Russia had 8%, and Canada had 3%, thus 75% of all pipeline were in these three countries. "Pipeline and Gas Journal"'s worldwide survey figures indicate that of pipelines are planned and under construction. Of these, represent projects in the planning and design phase; reflect pipelines in various stages of construction.