TransCanada to build pipeline, terminal facility in Alberta

Thu May 2, 2013 8:52am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

May 2 (Reuters) - TransCanada Corp, Canada's No. 2 pipeline company, said it would spend an estimated $900 million to build and operate a 200-kilometer (125-mile) pipeline and oil storage terminal to cater to growing crude production in Alberta.

The company said it had reached long-term shipping agreements to build the proposed Heartland Pipeline, connecting the Edmonton region to facilities in Hardisty, Alberta, and an oil terminal in the Heartland industrial area north of Edmonton.