ANNOUNCEMENT 20 Apr 2018

In 2018 Export Development Bank Canada announced financing for Canadian suppliers.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 20 Apr 2018 | Removal date: open ended

State loan

On 20 April 2018, Export Development Bank Canada (EDC) announced financing for Veresen Midstream Limited Partnership. The stated purpose of the transaction is support for working capital/general corporate purposes to Veresen Midstream Limited Partnership and its operations within Canada.

EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$100-250 million. Taking the lowest possible amount, in this case, Can.$100 million (approx. U.S.$78.58 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.

AFFECTED SECTORS