The NGL pipeline will connect Permian Basin in west Texas and New Mexico to the company's plant in Mont Belvieu, east of Houston. The pipeline will transport volumes from the Permian Basin and Targa's North Texas system to the company's fractionation and storage complex in the NGL market hub at Mont Belvieu. Total capital expenditure associated with the Grand Prix project is expected to be around $1.3 billion, out of which the company intends to spend approximately $250 million in 2017. The company's total capex budget for 2017 totaled approximately $1.25 billion. Targa expects Grand Prix's transport capacity to be approximately 300,000 barrels per day (bpd), expandable up to 550,000 bpd. The pipeline is expected to come into service in the second quarter of 2019.