Trans Mountain agreement includes investment deadline, hiring priorities
MERRITT, B.C. — A deal reached between British Columbia and Kinder Morgan reveals new details about the company’s timeline to approve investments for a proposed expansion of the Trans Mountain pipeline and requirements to hire local workers.
The agreement, signed April 6, says the Kinder Morgan board of directors must reach a final investment decision by June 30 with news communicated by July 2 for the project to go ahead.
The project would twin an existing pipeline between Edmonton and Burnaby, B.C., tripling its capacity and increasing tanker traffic in the Burrard Inlet seven-fold.
The company said last month the expansion would cost an estimated $7.4 billion, an increase from previous estimates in order to meet conditions imposed by the National Energy Board.