TransCanada to Construct Tamazunchale Pipeline Extension in Mexico

TransCanada Corporation (TSX:TRP) reported that it will construct the Tamazunchale Pipeline Extension in Mexico.

As quoted in the press release:

TransCanada expects to invest approximately US$500 million in the pipeline and anticipates an in-service date in the first quarter of 2014. The project will be 235 kilometers (146 miles) long and have contracted capacity of 630 million cubic feet a day (MMCf/d). The pipeline will use a combination of 30- and 36-inch-diameter pipe and have 37 megawatts of installed compression.

Click here to read the TransCanada Corporation (TSX:TRP) press release.