Trans Mountain Corporation

Trans Mountain Expansion Crude Pipeline Project - Additional Financing

Industry
Oil & gas/Oil - Midstream (Transportation)
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
Canada

Deal Overview

Canada’s six biggest banks have increased financing for the Trans Mountain pipeline expansion (TMX) by $3 billion to help cover the project's soaring cost overruns. The construction costs cracked the C$30 billion ($22.2 billion) threshhold earlier this year and the pipeline expansion...

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Deal Volume
$2.23bn
Financial Close
17/05/2023
Dealmakers

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Tranches

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Project Deals

Trans Mountain Expansion Crude Pipeline Project
$22.36bn
Brownfield
Oil - Midstream (Transportation)
North America
North America
Canada