CALGARY — Wednesday marks the official start date of the long-awaited $34-billion Trans Mountain oil pipeline expansion project. Crown corporation Trans Mountain Corp. says as of Wednesday, the expanded pipeline from Alberta to the B.C.
CALGARY — Wednesday marks the official start date of the long-awaited $34-billion Trans Mountain oil pipeline expansion project.
The expansion increases the Trans Mountain system's shipping capacity from 300,000 barrels per day to 890,000 barrels per day, and will help open up global export markets for Canadian oil. But even though the project is now complete, question marks linger as the federal government has said it intends to sell the pipeline.
Experts say because the project's price tag ballooned over the course of construction, the government will likely take a significant writedown if it sells.
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