The final price tag won't matter as Brookfield Asset Management through its links with Mark Carney, formerly Bank of Canada and Bank of England, will eventually be buying it...for a song.
"...After facing interruptions caused by volatile weather and the pandemic, the Trans Mountain expansion is expected to run over budget by several billion dollars — and the federally owned pipeline project won’t be completed this year as planned.
"...Work to expand the oil pipeline is now forecast to cost more than $17 billion and likely won’t be done until sometime in 2023, sources say.
Ottawa purchased the pipeline almost four years ago from Kinder Morgan Canada for $4.4 billion after it appeared the private owners were set to walk away from the expansion as it faced a series of hurdles to be built by late 2020
At the time, the project’s price tag was pegged at $7.4 billion, but soon moved higher. It climbed to $12.6 billion in early 2020 and is headed up again..."
https://nationalpost.com/news/canada/trans-mountain-expansion-running-over-budget-by-billion-of-dollars-and-a-year-behind-schedule
No comments:
Post a Comment