INVOLVES $15+ BILLION
Project Reconciliation is in advanced discussions with major financial institutions to secure the financing to acquire TMC. A syndicated bond financing plan – led by a Tier 1 bank – is in place to secure all funds needed to purchase 100% of Trans Mountain Corporation.
While the providers of finance (banks, financial institutions, pension funds) will not receive an equity position in TMC, their bond covenants and contract clauses will ensure the pipeline remains available for operations, except for maintenance shut-downs, environmental and safety concerns.
Interested in more detail? Please email our financial team at firstname.lastname@example.org
Our Governance framework is a living model. Indigenous leaders will shape the framework to ensure it continues to honour Indigenous Peoples’ rights to self-reliance, self-determination and self-governance.
Under the Project Reconciliation umbrella, governance for all PRI entities will incorporate Indigenous traditional knowledge and best practices from corporate governance in Canada.
Indigenous Unit Holders will be represented in a Unit Holders Assembly which will make key policy decisions (voting in proportion to their interests) and approve a Trans Mountain Corporation (TMC) Board of Directors, as nominated by the Board’s Governance Committee. This nomination and approval process will ensure the right balance between required skills and unit holder representation on the TMC board.
This Board of Directors will be responsible for acting in the best interests of the Indigenous communities they represent in managing the business and affairs of TMC.
The Unit Holders Assembly will be responsible for key policy decisions , including, among others: