Page 39 - Export Development Canada News Today

The Trans Mountain pipeline expansion received up to $3 billion in additional support from Ottawa after project costs jumped 44%. Read on.

The Canadian government is backing up to C$3 billion ($2.24 billion) in loans for Trans Mountain Corp (TMC), the crown corporation building an over-budget and long-delayed oil pipeline expansion to Canada's Pacific Coast.

OTTAWA (Reuters) -The Canadian government is backing up to C$3 billion ($2.24 billion) in loans for Trans Mountain Corp (TMC), the crown corporation building an over-budget and long-delayed oil pipeline expansion to Canada's Pacific Coast. | 03:39pm

The Trans Mountain pipeline expansion received up to $3 billion in additional support from Ottawa after project costs jumped 44%. Read on.

The Trans Mountain pipeline expansion received up to $3 billion in additional support from Ottawa after project costs jumped 44%. Read on.

Ottawa is guaranteeing $1.75-billion to $2-billion of financing provided by commercial lenders, which follows an earlier guarantee for $750-million to $1-billion of debt

Trans Mountain has faced repeated cost increases and regulatory delays since the expansion project was first proposed a decade ago.

Trans Mountain has faced repeated cost increases and regulatory delays since the expansion project was first proposed a decade ago.

Trans Mountain has faced repeated cost increases and regulatory delays since the expansion project was first proposed a decade ago.

Trans Mountain has faced repeated cost increases and regulatory delays since the expansion project was first proposed a decade ago.