Trans Mountain Pipeline – Financial and Economic Considerations – Update
In January 2019, PBO released a report assessing the Government of Canada’s 2018 decision to acquire, expand, operate, and eventually divest of the Trans Mountain Pipeline system.
This report provides an updated financial valuation of the purchased assets, estimates the valuation’s sensitivity to several key factors, and projects the economic impact of the Expansion Project’s construction activities.
The Government’s decision to acquire, expand, operate, and eventually divest of the Trans Mountain Pipeline System continues to be profitable. However, the profitability of the assets is highly contingent on the climate policy stance of the federal government and on the future utilization rate of the pipeline.
Parliamentary Budget Officer