Source: Rachel Gilmore, CTV News, January 31, 2019
OTTAWA — Canada’s parliamentary budget watchdog says the Liberal government paid one of the highest possible price tags for the Trans Mountain pipeline – and that value decreases with every delay, bump to construction cost and change in risk profile.
That means the government could lose billions of dollars if construction doesn’t go ahead.
“It’s very likely that construction will be delayed and construction costs will increase and that these two factors will probably decrease the value of the pipeline and its expansion by a billion dollars,” Parliamentary Budget Officer Yves Giroux said in a new report out Thursday.
Image Source: Jonathan Hayward/THE CANADIAN PRESS
