HOUSTON - TransCanada Corp. (TSX:TRP) says it has won final approval on three permits needed to build an oil pipeline to refineries on the Texas coast.
The Calgary-based company says the permits from the U.S. Army Corps of Engineers mean construction of the 780-kilometre oil pipeline can start in the coming weeks.
Last month, the U.S. Army Corps of Engineers approved the building of a 185-kilometre portion of the pipeline near Galveston.
But TransCanada was waiting approval for two other sections of the 780-kilometre line between Cushing, Okla., and the Gulf Coast — which it received today.
The Obama administration rejected the Alberta-to-Texas Keystone XL project in its entirety earlier this year because it said more time was needed to find a new route through Nebraska to ease environmental concerns.
As a result, TransCanada is pursuing the southern leg of Keystone XL first as that part doesn't need a federal permit to proceed.
In the meantime, the U.S. State Department has begun a new review of the segment from the Canada-U.S. border to Steele City, Neb.
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