Kinder Morgan Energy Partners, L.P. will invest approximately $54 million to build an interconnect and other facilities for its Kinder Morgan Crude and Condensate (KMCC) pipeline after entering into a long-term transportation agreement with Republic Midstream Marketing, LLC (Republic).

Republic will construct a gathering pipeline from Lavaca County, Texas, to the new interconnection at KMP's DeWitt Station, near Cuero, Texas.

n addition to the interconnection, KMP will build two storage tanks (each with 120,000 barrels of capacity), truck offloading racks and related facilities. The project is expected to come online in June 2015.

Tags: Kinder Morgan Energy Partners