TransCanada Corporation has conditionally awarded Pacific Atlantic Pipeline Construction Ltd, a calgary-based canadian company of the Bonatti Group, a construction contract for a portion of the coastal Gaslink project, pending a positive investment decision by the partners of LNG Canada for the construction of a natural gas liquefaction facility in Kitimat, British Colombia (B.C.), Canada.
The whole 670 km long 48” pipeline, which is intended to feed the LNG facilities in Kitimat, will cross renowned mountain ranges in British Columbia. This is a climate-challenging region, with rich flora and fauna, which is subject to stringent regulations.
The scope of work of Bonatti encompasses construction and testing of 2 out of 8 sections of the pipeline, for an estimated value of 500 M $CAD.
Bonatti was chosen based on TransCanada’s core principles of safety, environmental stewardship and stakeholder engagement along with its financial strength, technical design expertise, and contract competitiveness.
TransCanada has emphasized the importance of this milestone for the Coastal GasLink Project. The Project will create significant employment opportunities for Indigenous communities in Northern B.C. as well as local skilled labourers and businesses.
Bonatti will be directly responsible for hiring a projected 700 workers over the Project construction period, with special emphasis placed on hiring locally first, giving priority to qualified local and Indigenous businesses in Northern B.C.
About Bonatti
Bonatti is an oil & gas international general contractor with 70 years of experience to the service of oil & gas and power industry, facing challenging projects under the most critical environmental and logistical conditions in remote locations, combining advanced methods and technologies.
About TransCanada
With more than 65 years' experience, TransCanada (TSX:TRP) (NYSE:TRP) is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities.
TransCanada operates one of the largest natural gas transmission networks that extends more than 91,900 kilometres (57,100 miles), tapping into virtually all major gas supply basins in North America.
TransCanada is a leading provider of gas storage and related services with 653 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has interests in approximately 6,100 megawatts of power generation in Canada and the United States. TransCanada is also the developer and operator of one of North America’s leading liquids pipeline systems that extends approximately 4,900 kilometres (3,000 miles), connecting growing continental oil supplies to key markets and refineries.
TransCanada’s common shares trade on the Toronto and New York stock exchanges under the symbol TRP.