As planned, the project would bring oil sands petroleum from Alberta, Canada, to refiners on the Gulf Coast in Texas.
Trump told Republicans on Thursday that the pipeline's construction will be constructed using American steel and fabricated in the US.
TransCanada first applied for a permit in 2008 seeking to build the 1,897km (1,179-mile) pipeline, which would carry 800,000 barrels of crude a day from Alberta to Steele City, in Nebraska.
The newly appointed US President, Mr. Donald Trump has shown vast support to revive the project that had been earlier rejected owing to environmental concerns. John Hoeven on Thursday. It sparked an outrage among environmentalists, however, that led to a veto of the project from the last president.
"But we haven't engaged in direct conversation on that issue", he said at an investors conference. "It will create jobs and economic growth, while also making our country safer by helping us to be more energy secure", Hoeven said.
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"With the president's commitment to reach a final permitting determination within 60 days, a new tone is being sent from the White House on reducing the regulatory burden and getting America back to work".
"The project is an important new piece of modern US infrastructure that secures access to an abundant energy resource produced by a neighbour that shares a commitment to a clean and healthy environment", Mr. Girling said.
TransCanada employees live in 38 states where the company operates in across the U.S.
The company has spent at least $2.5 billion on the project, whose total cost if built would be at least $10 billion due to delays and permitting costs. Ninety-seven percent of Canada's oil exports go to the U.S.
"KXL will strengthen the United States' energy security and remains in the national interest", said Russ Girling, president and chief executive officer of TransCanada in a written statement. "It's time to unlock the jobs this privately funded energy project will produce", Callahan said.