Home / Mortgage Loans / TransCanada Corp wins contract to build US$500-million natural gas pipeline in Mexico
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TransCanada Corp wins contract to build US$500-million natural gas pipeline in Mexico

TransCanada has won a contract to build, own and operate a US$500-million natural gas pipeline for Mexico’s state-owned power company.

CALGARY — TransCanada Corp. has won a contract to build, own and operate a US$500-million natural gas pipeline for Mexico’s state-owned power company.

Calgary-based TransCanada says the Tuxpan-Tula Pipeline will help meet Mexico’s increasing demand for natural gas as the country shifts to the cleaner-burning fuel.

The company says the pipeline should be completed by late 2017 and it has a 25-year contract with the Comision Federal de Electricidad to operate the line.

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