For immediate release
MP Jati Sidhu joins Prime Minster Trudeau in supporting Trans Mountain Project deal
Mission, BC: June 6, 2018
Today Jati Sidhu, Member of Parliament for Mission—Matsqui—Fraser Canyon, applauded Prime Minister Justin Trudeau’s visit yesterday to the Fraser Valley, where the PM met with constituents, including First Nation leaders, to discuss the recently-signed deal to purchase the Trans Mountain Expansion project.
“This Government’s recent agreement with Kinder Morgan to secure the completion of the Trans Mountain Expansion project is good news for British Columbia, as well as Alberta and the rest of Canada,” said Sidhu. “It reiterates once again our commitment to creating well-paying jobs that help strengthen and grow the middle class and deliver economic benefits for all Canadians now, and for years to come. Taken with our Government’s historic commitments to our ocean’s safety and preservation, we see the balance between growing the economy and protecting our environment.”
Last week’s agreement with Kinder Morgan sees the Government purchase TMX and related assets for $4.5 billion. This investment represents a fair price for Canadians and for shareholders of the company, and will allow the project to proceed under the ownership of a Crown corporation.
Crucially, the deal guarantees the resumption of work for the summer construction season, protecting thousands of jobs in Alberta and British Columbia—including thousands in BC. Federal loan guarantees will ensure that construction continues through the 2018 season, eliminating the uncertainty for families whose financial security relies on this project going ahead this year.
“Getting Canadian resources to market is a fundamental role of the government of Canada,” Mr. Sidhu said. “Completion of the Trans Mountain Expansion Project will deliver long-term economic benefits to Canadians – protecting jobs, ensuring that Canada’s resources can get to world markets safely and efficiently, and preserving Canada’s reputation as a good place to do business. Make no mistake, this is an investment in Canada’s future.”