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 minimum fiscal impact for construction and the first 20 years of expanded operations is $18.5 billion including federal, provincial and municipal tax payments that can be used for public services such as health care and education.
British Columbia receives $2.1 billion; Alberta receives $9.6 billion, and the rest of Canada shares $6.8 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 $1.6 billion to Alberta. At the peak of construction, 4,500 people will be working on the pipeline expansion. The expansion will also create approximately 3,000 direct, indirect and induced jobs per year during operations.
Overall the Project generates a minimum of 108,301 direct, indirect and induced person-years of employment during project development and operations. British Columbia’s share is 66,132 person-years including 35,864 during project development and 30,269 during operations. Alberta’s share is 24,926 person-years including 14,632 during project development and 10,293 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.