The expansion of the Trans Mountain pipeline is “likely to proceed,” according to officials.
Bloomberg is reporting Prime Minister Justin Trudeau and his cabinet will meet June 18, where it’s expected the expansion will be given the green light. While the deadline for a decision was already pushed back from May, it’s "possible but unlikely" to be delayed again, Bloomberg reported, citing confidential sources.
The government “almost certainly won’t flat-out abandon the expansion,” Bloomberg reported.
The government bought the pipeline and expansion project in August 2018. Between September and December, the pipeline generated $129 million in revenue, $48 million in earnings before interest, taxes, and depreciation, and $23 million in additional dividends for the government.
The National Energy Board released its reconsideration report on the expansion in February, finding the project remains in the national interest and imposing 156 environmental and regulatory conditions should be approved
The federal government, in the meantime, is wrapping up extended consultations with indigenous groups
Two Fort St. John pipeline contractors have alreday been selected to build nearly one-third of the expansion through southern B.C.
Surerus Pipeline, which shares a 50% stake with London-based J. Murphy & Sons in the Surerus Murphy Joint Venture, was selected to build 180 kilometres of pipeline between Black Pines and Merritt.
Fort St. John’s Macro Industries and France’s Spiecapag have a joint venture selected to build 85 kilometres of pipeline in the Coquihalla-Hope area.
The contracts are valued in the hundreds of millions of dollars.
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