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Tuesday, Sep 10
TransCanada's Energy East pipeline would support 11K jobs, report says
- TransCanada’s (TRP +0.7%) proposed $12B Energy East pipeline would support 10K full-time jobs during development and construction and 1K once it begins service after 2018, according to a Deloitte & Touche report.
- The project to deliver crude from western Canada to the Atlantic coast is expected to take six years to complete, supporting 2,300 jobs from now through 2015 during the development phase and 7,700 jobs during the construction phase in 2016-18, the report says.
- Deloitte projects $7.2B in additional tax revenues during the expected 40-year operational life of the project.