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Thursday, November 21, 2024
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‘If it was a car, we’d say they paid the sticker price’: feds likely overpaid for Trans Mountain pipeline by $1-billion, parliamentary spending watchdog says

'If it was a car, we’d say they paid the sticker price. They didn’t negotiate very much,' said Yves Giroux, the Parliamentary Budget Officer.

If construction of the pipeline expansion is delayed by a year—past Dec. 31, 2021— its value would diminish by $700-million, according to the report released by Yves Giroux, the Parliamentary Budget Officer. The Hill Times file photograph
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BY BEATRICE PAEZ
January 31, 2019
News | BY BEATRICE PAEZ | January 31, 2019

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