Canada Bolsters Debt Guarantees to Oil Pipeline Trans Mountain

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Trans Mountain received a new financing guarantee from Canada’s federal government as concerns grew of mounting cost overruns in its pipeline expansion

received a new financing guarantee from Canada’s federal government as concerns grew of mounting cost overruns in its pipeline expansion that’s expected to offer an alternative to export oil to Asia.

The company, which was acquired by the government in 2018, got a lending guarantee of between C$2.75 billion and C$3 billion,

 

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Ottawa guarantees an up to $3-billion fresh loan for Trans Mountain pipelineLast year, Finance Minister Chrystia Freeland said that no more public funds would be committed to the project
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