TMX pipeline expansion updateTrans Mountain anticipates mechanical completion of the Project to occur at the end of the third quarter of 2023 with commercial service of the Project expected to occur late in the fourth quarter of 2023. Trans Mountain’s projected Adjusted EBITDA is expected to be approximately $2 billion in the first full year of the Expansion Project’s operation and expected to grow annually thereafter. These projections are underpinned by long-term contractual commitments for 80 per cent of the system’s 890,000 barrels a day of capacity and expected utilization of uncontracted capacity of the system once in service.