Feds paid on high end for Trans Mountain pipeline, spending watchdog says
OTTAWA — Canada’s parliamentary budget watchdog says the Liberal government paid the “sticker price” when it bought the Trans Mountain pipeline from Kinder Morgan for $4.5 billion.
Parliamentary Budget Officer Yves Giroux estimates the Trans Mountain pipeline and planned expansion project are worth between $3.6 billion and $4.6 billion.
This means government’s purchase price of $4.5 billion was on the high end of the project’s total calculated value.