Canada's Trans Mountain pipeline, built for $34.2B, may now be worth only $29.6B to $33.4B.

The Parliamentary Budget Officer (PBO) of Canada warns that the Trans Mountain pipeline, which cost $34.2 billion to build, may only be worth between $29.6 billion and $33.4 billion. This discrepancy could lead to a financial loss if the government sells the pipeline. The government, which bought the project in 2018 for $4.5 billion, is exploring divestment options, but market conditions and regulatory issues complicate the sale process.

November 08, 2024
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