- Macro Enterprises Inc.’s (MCR) subsidiary, Macro Projects Inc. (MPI) has signed a general construction contract with Trans Mountain Pipeline
- The contract is related to certain segments of Spread 5B of the Trans Mountain Expansion Project
- The Spread 5B segments involve a combination of clearing, grading and pipeline construction along the Coquihalla-Hope corridor
- Macro’s core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry
- Macro Enterprises Inc. is down 3.20 per cent to C$2.42 per share.
Macro Enterprises Inc.’s (MCR) subsidiary, Macro Projects Inc. (MPI) has signed a general construction contract with Trans Mountain Pipeline L.P.
The contract is related to certain segments of Spread 5B of the Trans Mountain Expansion Project.
The Spread 5B segments awarded to MPI involve a combination of clearing, grading and pipeline construction along the Coquihalla-Hope corridor in British Columbia.
The contract provides MPI to continue with certain construction activities in Spread 5B on an interim basis to complete a portion of the scope of work specified under a previous contract.
Macro expects the contract will continue until a replacement general construction contractor is chosen and a new replacement contract is entered into within the next three months. The contract has an initial estimated value that exceeds $50 million.
Macro’s core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry in northeastern B.C. and northwestern Alberta.
The company’s corporate office is in Fort St. John, British Columbia.
Macro Enterprises Inc. is down 3.20 per cent to C$2.42 per share.