ANNOUNCEMENT 28 Apr 2020
In 2020, Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 28 April 2020, Export Development Bank Canada (EDC) announced project financing to Coastal GasLink Pipeline Limited Partnership in relation to oil or gas transportation and storage. EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$250-500 million. Taking the lowest possible amount, in this case Can.$250 million (U.S.$189.6 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.