TRANS MOUN­TAIN’S FI­NAL PRICE TAG TO BE RE­LEASED NEXT MONTH

Calgary Herald - - CANADA - Jesse Sny­der, Na­tional Post

The com­pany plan­ning to build the tax­payerowned Trans Moun­tain pipe­line ex­pan­sion will re­lease the pro­ject’s fi­nal price tag at the end of Novem­ber. The pledge was made on Thurs­day in a con­fer­ence call with Canada Devel­op­ment In­vest­ment Cor­po­ra­tion, a gov­ern­ment hold­ing com­pany that over­sees fi­nan­cial trans­ac­tions for Trans Moun­tain Corp., the newly formed Crown cor­po­ra­tion that op­er­ates the Trans Moun­tain pipe­line. CDEV ex­ec­u­tives also sug­gested dur­ing the call that part of the ex­pan­sion would be funded by bud­get deficits. The orig­i­nal deal to pur­chase Trans Moun­tain from Kin­der Mor­gan was val­ued at $4.5-bil­lion. Trans Moun­tain did not elab­o­rate on what the fi­nal value of the pur­chase might be.

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