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AIMCo is interested in investing in the Trans Mountain pipeline

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The Trans Mountain pipeline expansion project is almost complete, assures the company, which indicates that the installation will come into full operation in April 2024. (Archive photo)

Radio- Canada

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As the Trans Mountain pipeline expansion nears completion, investment company Alberta Investment Management Corporation (AIMCo) has expressed interest in acquiring an interest in the project.

The news that AIMCo is considering purchasing the Trans Mountain pipeline was first reported Thursday by media outlet BNN Bloomberg .

A spokesperson for the company confirmed the information to CBC/Radio-Canada: The Trans Mountain pipeline is an example of the type of Canadian infrastructure that AIMCo, as well as AIMCo, has to offer. other investment managers, would consider acquiring if it were for sale.

The project has experienced constant delays and investment costs soared to more than $30 billion due to construction challenges.

The Trans Mountain Pipeline is the only pipeline in Canada that carries oil from Alberta to the West Coast. It belongs to the federal government, which bought it from Kinder Morgan in 2018.

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