Next, I'd like to discuss some important developments for Buckeye since our last call. I'm pleased to announce that Buckeye has completed the construction of 1.1 million barrels of storage capacity and related infrastructure of BORCO on time and on budget. This storage represents the initial phase of our BORCO expansion plans, which ultimately will be adding a total of 4.7 million barrels of storage capacity to the facility. The initial 1.1 million barrels were operational on July 1 and are fully leased.We continue to see strong customer interest in crude and other product storage at our BORCO facility. We have leased over 65% of the planned 4.7 million expansion barrels, which are expected to be placed in service in phases through the third quarter of 2013.
Buckeye Partners LP Management Discusses Q2 2012 Results - Earnings Call Transcript
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