Canada's construction news
TRANS MOUNTAIN - The Pacific Garnet, a crude oil tanker, was the first to ship out oil from the Westridge Marine Terminal Berth 1 at Burrard Inlet, B.C. after commissioning in July 2023. The facility features a dynamic mooring system with special dock fenders and a new vessel approach system.
Trans Mountain CFO Mark Maki commented, “What a long, strange trip it’s been…Even though this has taken longer than expected, Canadian crude producers, crude oil consumers and transporters are eagerly awaiting the expansion project’s in-service, and all expect it to have a significant impact on the global crude trade.
Once completed, the capacity of the pipeline system will increase by 590,000 barrels per day to a total of 890,000 barrels per day. Canadian oil will be able to reach new markets at world prices instead of the discounted prices it currently receives from U.S. buyers. Trans Mountain says the project remains commercially viable and Canada’s overall investment in the project remains on course to generate a commercial return. In 2022, the government stated no additional public money will be spent on the project with all subsequent financing to be derived from private sector lenders.What was the major technical challenge of the past year?
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