Oct 2 (Reuters) - TransCanada Corp TRP.TO :
* TRANSCANADA TO CONSTRUCT COASTAL GASLINK PIPELINE PROJECT
* TRANSCANADA CORP - CONSTRUCTION ACTIVITIES ARE EXPECTED TO BEGIN IN EARLY 2019 WITH A PLANNED IN-SERVICE DATE IN 2023
* TRANSCANADA CORP - ESTIMATED CDN$6.2 BILLION PROJECT
* TRANSCANADA CORP - MAJORITY OF SPEND ON CONSTRUCTION WILL OCCUR IN 2020 AND 2021
* TRANSCANADA CORP - AS PART OF FUNDING PLAN, INTENDS TO EXPLORE JOINT VENTURE PARTNERS AND PROJECT FINANCING FOR COASTAL GASLINK
* TRANSCANADA - PROJECT UNDERPINNED BY 25-YEAR TRANSPORTATION SERVICE AGREEMENTS ENTERED INTO WITH LNG CANADA PARTICIPANTS
* TRANSCANADA CORP - PROJECT INCLUDES PRE-DEVELOPMENT COSTS TO DATE OF ABOUT $470 MILLION
* TRANSCANADA CORP - DIFFERENCES BETWEEN ESTIMATED CAPITAL COST AND FINAL COST OF PROJECT WILL BE RECOVERED IN FUTURE PIPELINE TOLLS
* TRANSCANADA CORP - COASTAL GASLINK PIPELINE PROJECT WILL EMPLOY 2,000-2,500 PEOPLE DURING CONSTRUCTION
* TRANSCANADA CORP - COASTAL GASLINK PIPELINE PROJECT WILL GENERATE APPROXIMATELY $20 MILLION A YEAR IN ONGOING PROPERTY TAX BENEFITS TO B.C. COMMUNITIES
* TRANSCANADA- THE PIPELINE TO HAVE INITIAL CAPACITY OF ABOUT 2.1 BILLION CUBIC FEET PER DAY WITH POTENTIAL FOR EXPANSION OF UP TO ABOUT 5 BCF/DAY