Jan 13 (Reuters) - Magellan Midstream Partners LP MMP.N :
* Press release - Magellan Midstream and TransCanada set to build Houston
pipeline connection
* Says definitive plans to connect TransCanada's Houston tank terminal to
Magellan's east Houston terminal
* Says joint project, first announced in April 2015, is estimated to cost
approximately US$50 million
* Says Houstonlink pipeline is expected to be operational during the first half
of 2017
* Says Magellan will serve as construction manager and operator for Houstonlink
* Co,TransCanada plan to develop additional infrastructure at Houston-area
terminals for shipments from new pipeline
* New company owned 50/50 by MAGELLAN and Transcanada, to construct, own,
operate crude oil pipeline connecting the terminals
* Houstonlink Pipeline Company, Llc to construct, own and operate crude oil
pipeline connecting the terminals
* Source text for Eikon ID:nPn7GKh2W
* Further company coverage MMP.N