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BRIEF-Canada Finance Minister: would not expect Trans Mountain to be long term hold for govt

Published 2018-05-29, 09:58 a/m
© Reuters. BRIEF-Canada Finance Minister: would not expect Trans Mountain to be long term hold for govt
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May 29 (Reuters) - Kinder Morgan (NYSE:KMI) Canada Ltd KML.TO :

* CANADA FINANCE MINISTER: GOVERNMENT'S TRANS MOUNTAIN PLAN ALLOWS US TO GET RID OF POLITICAL UNCERTAINTY

* CANADA FINANCE MINISTER: OUR VIEW IS LONG TERM THAT THIS PROJECT SHOULD BE IN THE PRIVATE SECTOR

* CANADA FINANCE MINISTER SAYS WE ARE PURCHASING TRANS MOUNTAIN ASSETS; MORE INVESTMENT WILL BE NEEDED TO COMPLETE CONSTRUCTION OF EXPANSION

* CANADA FINANCE MINISTER: IN PURCHASING TRANS MOUNTAIN ASSETS, WILL TAKE ON PEOPLE NEEDED TO WORK ON THE PROJECT

* CANADA FINANCE MINISTER: THERE ARE A NUMBER OF ASSETS KINDER MORGAN CANADA HAS RETAINED THAT ARE NOT INTEGRAL TO TRANS MOUNTAIN EXPANSION

* CANADA FINANCE MINISTER: PRIME MINISTER TRUDEAU IS SPEAKING NOW TO PREMIERS OF ALBERTA, BRITISH COLUMBIA

* CANADA FINANCE MINISTER: WE HAVE NOT BEEN FOCUSED ON TRYING TO SECURE OTHER INVESTORS FOR TRANS MOUNTAIN; HAVE HAD MULTIPLE EXPRESSIONS OF INTEREST

* CANADA ENERGY MINISTER: THERE ISN'T ANY LEGISLATION THAT IS REQUIRED FOR TRANS MOUNTAIN DEAL; WE ARE ACTING WITHIN FEDERAL JURISDICTION

* CANADA ENERGY MINISTER: WE RESERVE THE RIGHT AS A GOVERNMENT TO LOOK AT OTHER PIECES OF LEGISLATION IF IN THE INTEREST OF MOVING TRANS MOUNTAIN FORWARD

* CANADA FINANCE MINISTER: TRANS MOUNTAIN PROJECT WILL NOT HAVE A FISCAL IMPACT

* CANADA FINANCE MINISTER: PORTION OF TRANS MOUNTAIN CONSTRUCTION COSTS CAN BE PASSED ON TO OIL COMPANIES IN FORM OF TOLLS

* CANADA FINANCE MINISTER SAYS DOESN'T HAVE A TARGET DATE FOR SELLING TRANS MOUNTAIN BACK TO PRIVATE SECTOR

* CANADA FINANCE MINISTER: HAVE NOT YET ASCERTAINED WHETHER BETTER TO SELL TRANS MOUNTAIN TO INVESTORS IN SHORT TERM OR LONG TERM

* CANADA FINANCE MINISTER SAYS UNLIKELY THERE WILL BE NO PRIVATE SECTOR INTEREST

* CANADA FINANCE MINISTER: WE WOULD NOT EXPECT TRANS MOUNTAIN TO BE A LONG TERM HOLD FOR THE GOVERNMENT Further company coverage: KML.TO

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