Hon. Marc Gold (Government Representative in the Senate): Thank you for your question, senator. As the government has made clear, the government does not intend to be the long-term owner of the Trans Mountain expansion project. It aims to divest its ownership in a way and at a time that benefits Canadians.

I’m advised that, despite the revised cost estimate to which you referred and the completion timeline, no additional public money will be spent on this project. Trans Mountain Corporation will secure the funding necessary to complete the project with third‑party financing.

The Government of Canada remains confident that previous public investments in the pipeline will, in fact, be recouped.