OTTAWA — The federal government is set to become the official owner of the Trans Mountain pipeline expansion after failing to quickly flip the project to another private-sector buyer.
Pipeline owner Kinder Morgan had been working with the government to identify another buyer before July 22.
But with that date set to pass without a deal, it was expected the pipeline company will now take Ottawa's $4.5-billion offer to purchase the project to its shareholders.
A report submitted as evidence in a First Nations injunction hearing finds significant setbacks could further complicate the project already behind schedule and over budget
BC Hydro’s troubled Site C dam project, already behind schedule and vastly over-budget, faces an “extremely high probability” of at least a one-year construction delay, according to a leading expert in large hydro dam projects.
With U.S. President Donald Trump’s trade war against Canada showing no sign of abating, the work on the Trans Mountain pipeline expansion that’s starting next month may seem like a godsend for a nation striving to reduce dependence on its southern neighbour.
