The company said the 36% increase from expected 2014 spending of C$1.4 billion will be directed towards “multi-year execution” projects that are already underpinned by long-term, fee-for-service contracts.

“Our current roster of committed capital projects totals approximately C$6 billion. The majority of these projects, which are in various stages of development, have in-service dates ranging between the end of 2014 and mid-2017,” said chief executive Mick Dilger.

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