‘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
By Beatrice PaezJan. 31, 2019
'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
The federal government is likely to have overpaid for its purchase of the Trans Mountain pipeline by more than $1-billion, according to the Parliamentary Budget Office.
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