The U.S. Department of Energy has awarded the Keystone Pipeline Project $5 billion to manage its environmental impact, including its spillway, in the coming year.
The agency on Thursday awarded $567 million to the pipeline’s owner, TransCanada, for remediation work and other environmental improvements in areas including pipeline spillways, pipeline berms and spillway foundations.
The Department of the Interior awarded $200 million to TransCanada in the last fiscal year to pay for spillway repairs and remediation, and another $100 million for other work, including the reopening of a spillway at a pipeline terminal in Nebraska, said John Lefkowitz, assistant administrator for the Department of Interior.
The grant also includes $50 million for a project in Mississippi to improve pipeline safety.
The project is the second project approved under President Donald Trump’s $1.9 trillion Keystone Pipeline Act.
In September, the Obama administration approved a $1 billion contract for TransCanada to begin construction of a new spillway to the Keystone XL pipeline, which carries more than 2 million barrels of oil per day to refineries in the Gulf Coast region.
TransCanada has said the pipeline will cost no more than $4 billion to build.