How to get a new $1,000,000-a-year contract for the Keystone XL pipeline
The federal government could be on the verge of awarding a contract to build the KeystoneXL pipeline that President Donald Trump wants to build.
The White House announced Wednesday it had awarded a $1.5 billion contract to TransCanada Corp. to build and manage the pipeline.
The contract is valued at $2.9 billion and will help secure the $7.8 billion it needs to build a $5.4 billion pipeline from Alberta to the Gulf Coast.
TransCanada said the pipeline is expected to be in place in late 2019.
“The $1 billion award by the U.S. government in this critical project will help the President’s plan to bring jobs back to the U, and will ensure that this critical pipeline will go forward,” Trump said in a statement.
“This will also help to secure the Keystone Pipeline, which will deliver the oil that is needed to build this critical infrastructure.
I will be looking forward to this project, and I look forward to working with all of my cabinet colleagues to build it.”
The contract is the latest to show the Trump administration’s commitment to the pipeline and will likely be the first of its kind.
In the run-up to the 2016 election, Trump pledged to build Keystone XL.
But a number of obstacles prevented construction of the pipeline, including protests from activists and environmental groups.
TransCanada says it is working with the U