The B.C. government has signed a deal with Kinder Morgan regarding the Trans Mountain oil pipeline expansion project that includes a policy to prioritize to hire local workers and businesses.
But the deal is still contingent on Kinder Morgan’s board of directors approving a final investment decision, with a deadline set for June 30th.
The project would triple the capacity of an existing pipeline between Edmonton and Burnaby, and increase tanker traffic in the region seven-fold.
The company says its not sure exactly when the board will be deciding on investing in the $7.4-billion project, but it has previously confirmed there is interest from producers to ship the oil from the proposed pipeline.
(With files from The Canadian Press)