TransCanada Corp.: Canaport Energy East Marine Terminal

Canaport Energy East Marine Terminal: Irving Oil signalled its plans to build the Canaport Energy East Marine Terminal at its refinery mere hours after TransCanada Corp. TSX:TRP announced it would proceed with the Energy East Pipeline, an ambitious $12-billion project, according to CTV. "We believe the marine terminal is really just the first of many investments, not just for Irving Oil, but for many companies to take advantage of the fact that we're bringing a whole new industry into Saint John which is crude oil export," said Irving Oil president Paul Browning and SAINT JOHN, N.B. -- For a city that has seen its share of booms and busts, a proposal to build a new $300-million marine terminal in Saint John to help ship Alberta oil to lucrative markets abroad was welcomed Thursday as a much-needed economic shot in the arm. The private New Brunswick company, which has mused about the possibility of constructing such a facility in past months, said their decision to go ahead with the terminal was the result of the deep private sector interest in the west-to-east pipeline project. (www.immigrantscanada.com). As reported in the news.