Trans Mountain Pipeline Expansion is Finally Finished

[Herman]

The golden weld was finished on April 11. The pipeline is filling up and the first exports to Asia will be in the middle of May.

[Herman]

The final cost will be about $34 billion which is about five times the original cost when Kinder Morgan proposed it. You can thank Justine for that.

The people of Canada are going to see the benefit for a long period of time in terms of increased taxes and royalties and the like.

This will be the last interprovincial crude oil pipeline ever built in Canada. Maybe all of North America.

[DKG]

The Bank of Canada estimates that in the remainder of this year, the addition of Trans Mountain Expansion will add as much as one-quarter of one per cent to the national GDP (not just provincial GDP, but the national figures). That's significant in a year in which the forecast for national growth is only around 0.6 per cent to begin with.

Trans Mountain is good for the Canadian economy, not just Alberta's.

[Oliver the Second]

Dammit Herman, I saw Trans and thought it meant tranny