Federal government to finance Trans Mountain Pipeline: Canada PM Trudeau

Federal government to finance Trans Mountain Pipeline: Canada PM Trudeau

India Blooms News Service | @indiablooms | 16 Apr 2018

Ottawa, Apr 16 (IBNS): Ending the uncertainty over the Trans Mountain Pipeline construction, Canadian Prime Minister Justin Trudeau on Sunday said the federal government will undertake financial and also the legislative actions to ensure the building of the pipeline, media reports said.

Trudeau met premiers of Alberta and British Columbia, Rachel Notley and John Horgan respectively, in the national capital on Sunday.

Following the meeting, Trudeau said: "I have instructed the minister of finance to initiate formal financial discussions with Kinder Morgan, the result of which will be to remove the uncertainty overhanging the Trans Mountain pipeline expansion project."

"I have also informed premiers Notley and Horgan today that we are actively pursuing legislative options that will assert and reinforce the government of Canada's jurisdiction in this matter which we know we clearly have.."

He has been quoted by CBC News. 

He insisted that the construction will go forward.

The PM said he will release the financial details to the Canadians once he gets hold of it.

Notley has been quoted by CBC News, "Today in the meeting, one of the things that we discussed was that the federal government along with the government of Alberta has commenced discussions with Kinder Morgan to establish a financial relationship that will eliminate investor risk."

Horgan referred to the meeting as "cordial" though acknowledged his disagreements with Trudeau and Notley over a number of issues.

The project was reportedly approved by the federal government in 2016.

(Reporting by Suman Das)

Federal government to finance Trans Mountain Pipeline: Canada PM Trudeau

India Blooms News Service
Comments (0)

Post your comment:

Web Analytics