AIMCo expresses desire in paying for stake in Trans Mountain pipeline

The Alberta Financial investment Management Company (AIMCo) has expressed an curiosity in buying a prospective stake in the Trans Mountain pipeline.

AIMCo CEO Evan Siddall said Thursday in an interview with BNN Bloomberg that the Trans Mountain pipeline is the variety of Canadian infrastructure asset that the expense supervisor would contemplate if it is designed accessible.

Alberta Financial investment Management Corp. CEO Evan Siddall in Calgary, Alta., Wednesday, Sept. 21, 2022.

THE CANADIAN Push/Jeff McIntosh

AIMCo spokeswoman Carolyn Speedy later on verified the remarks in an e-mail to The Canadian Push.

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The Trans Mountain pipeline is Canada’s only oil export pipeline to the West Coastline, and building on its ongoing expansion venture is expected to be total in the near long run.

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The federal authorities bought the pipeline in 2018 in buy to make sure the completion of the growth, but has indicated it does not desire to be the long-time period operator of the pipeline.

AIMCo is 1 of Canada’s biggest institutional buyers, with 17 pension, endowment and federal government fund customers in Alberta.

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