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Professional Services
November 30, 2009
Montana-Alberta transmission line project gets first round of funding
Montana Alberta Tie Ltd. (MATL) has received its first draw of construction financing for the MATL transmission line project. MATL has issued a formal notice to proceed to construction to its main contractor, Rocky Mountain Contractors (RMC).
In accordance with the draw schedule agreed to in the previously announced US$161 million construction and term financing with Western Area Power Administration, MATL received funds that will be used to start construction.
Over the next 15 to 18 months, RMC will be building the 345 kilometer power line stretching from Lethbridge, Alberta to Great Falls, Montana, which is expected to be in operation in early 2011.
-JOC News Services
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