Because the last time a Liberal PM built a pipeline it was too divisive and costly, this PM will checks notes do exactly the same thing again.
TMX 2: Electric Boogaloo!
Any bets on initial-final cost spread this time?
Because the last time a Liberal PM built a pipeline it was too divisive and costly, this PM will checks notes do exactly the same thing again.
TMX 2: Electric Boogaloo!
Any bets on initial-final cost spread this time?
Looks like it’s being funded by TMC, so taxpayers again. The private partner is being brought in for their “expertise.” No doubt they’ll be well compensated for expertise, especially as there’s obviously no alternative source of expertise available, especially not with a TMC in the lead after they built TMX.
It’s a Crown corporation, so taxpayer funding should be minimal, but it seems there are mechanisms for them to receive loans from the Ministry of Finance, which is a shame.
If due diligence is actually done, I would still predict that this thing fizzles out in a few years without actually getting built.
How minimal was taxpayer funding to TMX on their last pipeline project? Where will the between $35.2 billion and $43.7 billion come from?
Yes, I’m fully aware of how much heavy lifting “should be” was doing - that’s why it was there.