No construction ramp-up on Trans Mountain since purchase deal with Ottawa

Construction spending on the Trans Mountain oil pipeline has been minimal since the Canadian government announced its $4.5-billion purchase of the expansion project and its existing assets from Kinder Morgan Canada.
In a conference call Wednesday to discuss financial results, Kinder Morgan Canada revealed it had spent about $1.25 billion on the $7.4-billion expansion project to May 31, the date that Canada started picking up the construction tab after reaching a purchase agreement the day before