Whether the federal government takes a loss or makes a profit from selling the Trans Mountain pipeline will depend on how much potential buyers are willing to offer, says the Parliamentary Budget Officer (PBO).
The current value of the pipeline could range from $29.6 billion to $33.4 billion, according to a Nov. 8 report from the budget watchdog.
Meanwhile, the pipeline’s total assets amounted to $35.2 billion, liabilities were $26.9 billion and shareholder equity was $8.3 billion, as of Dec. 31, 2023.
“Whether the Government records a profit or a loss on the eventual sale of the Trans Mountain Pipeline system will depend on what someone is willing to pay for it,” said PBO analyst Jason Stanton in the report….