From Negative to Positive: A Balance-Sheet NPV Profile of the Trans Mountain Pipeline under State Ownership

Key Points

• The research aims to analyze how public acquisition influences the financial dynamics of the Trans Mountain Pipeline.
• Constructed a balance-sheet-based NPV profile
• Examined the project under Canadian state ownership
• Analyzed fiscal implications and risk allocation changes
• Public acquisition improved the financial trajectory of the project
• Risk allocation shifted positively due to state ownership
• Fiscal implications highlighted the benefits of state intervention in infrastructure