Ottawa Approves New $10B Loan Guarantee for the Trans Mountain Pipeline Project

Ottawa Approves New $10B Loan Guarantee for the Trans Mountain Pipeline Project
Pipes for the Trans Mountain pipeline project are seen at a storage facility near Hope, B.C., Sept. 1, 2020. The Canadian Press/Jonathan Hayward
The Canadian Press
Updated:

The federal government has approved a new, approximately $10-billion loan guarantee for the Trans Mountain pipeline project.

The guarantee was approved by cabinet on April 29 through the Canada Account at crown corporation Export Development Canada, which provides loan guarantee supports for Canadian businesses.