Macro Enterprises Inc. announced that its wholly-owned subsidiary, Macro Projects Inc., has entered into a pipeline construction Subcontract effective August 31, 2021 with Kiewit TMEP Corp. relating to certain segments on Spread 5B of the Trans Mountain Expansion Project along the Coquihalla-Hope corridor in British Columbia. The Contract provides for MPI to continue with certain construction activities on Spread 5B for the next twelve months relating to the prime construction contract awarded to Kiewit Bonatti TMEP Partnership. The initial estimated value for the contemplated scope of work on the Contract is approximately $180 million. As a result of this Contract and other work being conducted by the Company, the Company is anticipating revenues to reach $350 million for the year ended December 31, 2021. Furthermore, with the expanded scope and continuation of work on the Trans Mountain Expansion Project, the Company will be increasing its capital expenditure program to an estimated $20 million from the previously guided $8 to $10 million in the second quarter for fiscal 2021.