AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 7 June 2017, Export Development Bank Canada (EDC) announced export financing for Borealis Infrastructure Management Inc., Ontario Teachers Pension Plan Board (Gas to the West Project) relating to exports to the United Kingdom. The stated purpose of the transaction is support for Canadian direct investment abroad to Scotia Gas Networks Limited, United Kingdom.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$50-100 million. Taking the lowest possible amount, in this case, Can.$50 million (approx. U.S.$37.6 million), is our conservative estimate of the financing received.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.
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