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Trans Mountain to sell 30% to Indigenous groups, premier says – BNN Bloomberg

Canada’s federal government is looking to sell a 30 per cent stake in the newly expanded Trans Mountain pipeline system to Indigenous owners, Alberta’s premier said.

Most debt on the government-owned oil pipeline system can be financed through tolls charged to companies that ship on the line, Premier Danielle Smith said at a press conference in Calgary. The equity the government will need to raise to get the system into private hands was $10 billion (US$7.3 billion) as of “a few months ago,” she said.

“They wanted to get the indigenous partners to own 30 per cent,” with the government possibly offering a loan guarantee to First Nations, she said. “It’s going to be a great source of income for the Indigenous partners.”

Read More: https://www.bnnbloomberg.ca/trans-mountain-to-sell-30-to-indigenous-groups-premier-says-1.2084476

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