Trans Mountain oil pipeline expansion is on track for completion this month, according to a construction schedule filed with regulators by Trans Mountain Corporation. 

The new completion timeline follows years of delays, construction issues, cost overruns, and multiple extended deadlines.

Owned by the Canadian government, the C$34-billion ($25.07 billion) project will nearly triple the capacity of the pipeline, allowing it to transport up to 890,000 barrels of crude oil per day from Alberta to Canada's Pacific Coast.

The final segment, designated Spread 5-B, is slated for completion in April, according to the filing with the Canada Energy Regulator. This signifies the near-completion of construction and testing for the entire project.

Trans Mountain announced last month that it would commence a staged filling process for the expanded pipeline despite the company grappling with ongoing technical challenges.

Scheduled to be operational in the second quarter of 2024, the pipeline is expected to contribute to an increase in Canadian crude prices, coinciding with a production ramp-up by oil producers.