https://www.cbc.ca/amp/1.6497242The federal government now stands to lose money from its investment in the Trans Mountain pipeline, according to a new report from the Parliamentary Budget Officer.
The latest analysis, released Wednesday, shows the net present value of the pipeline is negative $600 million, leaving it worth about $1.2 billion less than the PBO's estimate in December 2020.
The new financial analysis takes into account new developments such as the budget overruns disclosed in February that peg the current cost of the Trans Mountain expansion at $21.4 billion, a 70-per-cent increase from an earlier estimate of $12.6 billion.
Federal government’s attempt at appeasing Alberta is costing the rest of Canada a whole lot more than they originally estimated.
$45B to buy it…. And now it’s operating at a loss.