Macro Enterprises Inc. reported that Macro Spiecapag Trans Mountain Joint Venture has received a Notice of Termination from Trans Mountain Pipeline L.P. to terminate for cause the construction contract for Spread 5B of the Trans Mountain Expansion Pipeline Project due to ongoing challenges between the joint venture and Trans Mountain. Macro and Trans Mountain continue to be in discussions regarding future opportunities that are expected to contractually occur in early 2021. Furthermore, the company announces that it has completed the reorganization plan, announced November 27, 2020, related to the Coastal GasLink Pipeline Project. In addition, Macro received a closing cash payment of $20 million, and is to receive a further $20 million payment on June 30, 2020, in satisfaction of all amounts owing to Macro by the CGL joint venture. Macro has agreed to continue to provide support to Spiecapag on the CGL Project by providing equipment and personnel to assist Spiecapag to complete that project. The company will be paid market-based rates and fees for such equipment and personnel.