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Enbridge to invest $200M to expand Sunday Creek Terminal

  • Enbridge (ENB -0.3%) says it will invest ~C$200M to expand its Sunday Creek Terminal near the Christina Lake oil sands project in northern Alberta.
  • The expansion includes development of a new site adjacent to the existing terminal and construction of a new 350K-barrel tank with associated piping, pumps and measurement equipment; the existing terminal was put into service in 2011.
  • Completion of the expansion, which will support production growth from Christina Lake, is estimated for Q3 2015.
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