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TransCanada gets pipeline OK

Keywords: Tags  TransCanada, Northern Courier, pipeline, Russ Girling, steel pipeline, diluent, bitumen, Thorsten Schier

NEW YORK — TransCanada Corp. has received regulatory approval to build a 56-mile pipeline in Alberta.

The Canadian $800-million ($744.7-million) Northern Courier project will consist of a 24-inch-diameter insulated steel pipeline to transport bitumen and a 12-inch-diameter steel pipeline to transport diluent from the Fort Hills oil sands project to extraction facilities north of Fort McMurray, the company said July 23. Pipeline construction is set to start in the third quarter and be operational by 2017.

"We are pleased that the Alberta energy regulator has approved Northern Courier, which will be a critical piece of infrastructure to support the long-term plans for growth and increased production from the Alberta oil sands," Russ Girling, president and chief executive officer of Calgary-based TransCanada, said in a statement.

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