Investors lining up to get piece of Trans Mountain pipeline project - APTN NewsAPTN News

Investors lining up to get piece of Trans Mountain pipeline project


Chris Stewart
APTN News
Indigenous investors are lining up to get financially involved in the multi-billion dollar Trans Mountain pipeline expansion project.

The $4.5 billion dollars project, purchased by the federal government, is currently on hold.

The pipeline, if built, will see a large increase in the amount of bitumen flowing from the Alberta tar sands to the B.C. coast.

Two consortiums have announced an interesting in buying all, or part of the pipeline and now a third group has joined the discussion.

The Alberta based Iron Coalition wants to buy at least a 50 per cent stake in the pipeline.

The coalition says that 30 Indigenous and Metis organizations in Alberta want to invest.

cstewart@aptn.ca

@aptnchris

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