May 03, 2013 [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.