Canadian petroleum transportation and infrastructure company Inter Pipeline Ltd. is planning to invest $1.46 billion into its expansion programs in 2019.
Inter Pipeline will fund its programs through a combination of undistributed cash flow from operations, capacity available under its existing revolving credit facility, the periodic issuance of a new term or hybrid debt securities and proceeds from existing dividend reinvestment programs.
Inter Pipeline revealed that 92 percent of total investments will be for organic growth initiatives with the remaining invested in sustaining capital projects and the program will focus on construction activities related to Heartland Petrochemical complex with an expected completion date of late 2021.
Furthermore, the investments will also be in various smaller scale infrastructure projects to enhance service offerings within its pipeline, natural gas liquids processing and storage business units.