PRZOOM - /newswire/ -
Vancouver, British Columbia, Canada, 2018/06/20 - TransCanada Corporation has awarded a contract to a joint venture made up of Spiecapag Canada Corp, and Macro Pipelines Inc. to build two sections of gas pipeline in the province of Vancouver, British Columbia - TransCanada.com / Entrepose.com / VINCI.com. CAC 40; Euronext 100
• A C$900 million (about €585 million) contract;
• Construction of a gas pipeline of more than 166 km in the province of Vancouver, British Columbia.
Canadian energy infrastructure operator TransCanada Corporation (transcanada.com) has awarded a contract to a joint venture made up of Spiecapag Canada Corp (entrepose.com), a VINCI subsidiary and operational leader, and Macro Pipelines Inc. to build two sections of gas pipeline in the province of Vancouver, British Columbia.
The C$900 million (about €585 million) contract includes the construction of more than 166 kilometres of gas pipeline (sections 5 and 8) as part of the 670 km Coastal GasLink Pipeline. The contract amount is split, with 60% going to Spiecapag and 40% to Macro Pipelines Inc.
The joint venture will carry out a pre-construction planning phase pending a positive final investment decision by LNG Canada• for a proposed natural gas liquefaction facility in Kitimat, British Columbia. The decision is expected in the fourth quarter of 2018, with construction set to get under way in early 2019.
“Alongside our joint venture partner Macro Pipelines Inc., we are proud to be part of the Coastal GasLink Pipeline Project and to furnish our expertise in gas pipeline construction. Our ability to perform works in mountainous environments with steep slopes enabled us to win this large contract. Additionally, the project will provide opportunities to qualified local businesses and suppliers along the pipeline route and employment for roughly 900 people hired directly,” said Bruno Guy de Chamisso, Chief Executive Officer of Spiecapag.
In October 2017, Spiecapag and its partner Macro Pipelines Inc. also won the contract in British Columbia to build a 36-inch oil pipeline as part of the Trans Mountain Expansion Project.
* LNG Canada is a consortium composed of Shell (40%), PETRONAS (25%), PetroChina (15%), Mitsubishi (15%) and KOGAS (5%).
With more than 90 years of experience, Spiecapag is one of the world’s leading Oil & Gas pipeline and associated systems companies. Recent project references include participation in the huge PNG LNG project in Papua New Guinea in 2014. Spiecapag also played a notable role in the Incahuasi project in Bolivia, completed at the end of 2015, and is currently involved in the Trans Adriatic Pipeline project in Greece and Albania. Spiecapag is part of the Entrepose Group, which designs, builds and operates onshore, offshore and underground production, transport and storage infrastructure for the Oil & Gas and other energy industries.
VINCI is a global player in concessions and contracting, employing close to 195,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.