As the world’s third-largest oil producer, Canada benefits greatly from the export of national resources. Twinning the Trans Mountain Pipeline will increase Canada’s capacity to export these resources by facilitating the movement of oil to the West Coast for marine transport to market. It will further secure the supply of oil products to the Lower Mainland for use by BC’s residents and businesses. The Project will also lead to new jobs in the short and long term, job-related training opportunities and increases in taxes collected through all three levels of government.
The $5.4* billion pipeline Project will increase the value of Canadian oil by unlocking access to world markets. The combined government revenue impact for construction and the first 20 years of expanded operations is $28.2 billion, including federal, provincial and municipal tax payments that can be used for public services such as health care and education.
British Columbia receives $3 billion; Alberta receives $14.5 billion and the rest of Canada shares $10.7 billion. Municipal tax payments (not adjusted for inflation) total $922 million to BC and $124 million to Alberta over the first 20 years of expanded pipeline operations.
Direct capital spending for the construction phase of the Project includes $3.8 billion to British Columbia and $1.7 billion to Alberta. At the peak of construction, 14,000 people will be working on the pipeline expansion. The expansion will also create approximately 3,300 direct, indirect and induced jobs per year during operations.
Overall the Project generates a minimum of 123,000 direct, indirect and induced person-years of employment during Project development and operations. British Columbia’s share is 75,000 person-years including 39,000 during Project development and 30,000 during operations. Alberta’s share is 28,000 person-years including 15,000 during Project development and 13,000 during Project operations.
On December 16, 2013, Trans Mountain filed a Facilities Application for the Trans Mountain Expansion Project. This webpage is not intended as a substitute for the actual content of the submission. Volume 2 of the Application provides a full description of the Project.
To view all eight volumes of the Application, click here.
*Economic benefits are based on a project cost estimate of $5.4 Billion CDN. Actual project costs may change.