Macro Enterprises Inc.: Macro Signs General Construction Contract with Trans Mountain
Macro Enterprises Inc. (TSXV: MCR) (the
Company or
Macro ) announces that its wholly-owned subsidiary, Macro Projects Inc. ( MPI ), has entered into a General Construction Contract for Interim Work (the Contract ) with Trans Mountain Pipeline L.P. relating 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 for 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, expected within the next three months. The Contract has an ini