The Texas Department of Transportation has been in a state of flux since the creation of the Keystone XL pipeline, the massive, $5 billion pipeline that would bring crude oil from Canada to the U.S. Gulf Coast.
Now the agency is facing an even more daunting challenge, the construction of a new pipeline that will carry the same amount of oil to Texas and that will eventually serve as a lifeline for the rest of the Gulf Coast, one that will likely be needed as soon as next year.
In an announcement on Tuesday, the state’s Department of Economic and Community Development said it is launching a public-private partnership called Texas Pipeline, or TPH.
The state has invested $3.5 billion to date in the project, and the state expects to raise another $1.5 million to begin construction.
TPH will be built by a private contractor and will connect the existing Texas pipeline system to a new line running through the city of Brownsville and to the Texas Gulf Coast Pipeline System, or TBPS.
Texas has committed to using a variety of alternative energy sources to meet the energy needs of the state.
“We want to move forward with this because it’s the right thing to do,” TPH Administrator Jeff Bales said.
“The oil is coming, the water is coming.
It’s time to get moving.”
The state’s TBPS system is one of the largest in the country.
It carries about 3 million barrels of crude oil daily from the Gulf of Mexico to refineries on the Texas coast.
It is part of the BP Louisiana Ship Channel, which carries 1.6 million barrels a day to the Gulf.
The system’s current capacity is 2.2 million barrels daily.
The TBPS has been operating for 30 years and has received about $8 billion in federal funds over that time.
The company that is building the new line is based in Texas and is owned by Texas-based company Texas Pipeline Partners LP, a subsidiary of ExxonMobil.
Texas is seeking federal approval to build its TBPS line and said it will also seek federal funding for another project.
“I think we’re going to be very excited about this project,” Texas Gov.
Greg Abbott said at a news conference in Corpus Christi.
“This project will bring thousands of jobs to Texas, we have thousands of people here, we’ve got tens of thousands of barrels of oil, we’re all moving here, and we’re a very, very important part of that.
It just makes sense.”
TPH is the state government’s largest private-sector project.
It was created to help Texas meet its energy needs.
It has received more than $3 billion in government contracts.
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But the state agency has faced significant budget cuts.
It reported a $1 billion deficit in the first half of this fiscal year, and a $400 million deficit in 2016, the last year for which it had figures.
The agency also reported $2.5,000 in net losses in 2017, the first year it had data.
The governor has pledged to increase funding for the TBPS and TPH, as well as its capacity to move oil.
“That’s why we’re taking the next step,” Abbott said.
The next step, the governor said, is to get the project approved by the U,S.
Army Corps of Engineers.
The Corps has already approved the first phase of the project that will run from Brownsville to the Mississippi River.
That phase is expected to be completed by late 2019.
The CBE has not released its environmental impact report on the phase 1 pipeline project.
But in a statement, CBE Acting Commissioner Daniel L. Schmid said that the agency would be “committed to addressing the need for further permitting and construction on the Phase 1 of this project.”