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Oil sands projects fuel provincial construction boom
7 o% q2 A0 w# m" [According to a March 2005 inventory of Alberta construction projects, oil sands projects are leading the way in the ever-growing Alberta economy.% I9 z" R/ A; W, n! U
The inventory of construction projects is compiled monthly by Alberta Economic Development( AED ). The list compiles all developments in the province with a value of at least $2 million that are either recently completed, under construction, or planned to start within the next two years. As of March, 946 projects throughout Alberta fit that category.
. O! {% B R# C& W" [' aOf these projects, oil sands construction accounts for $69.25 billion – the largest component by far. Suncor’s Firebag Phase 2 in – situ project, Millennium Vacuum Unit, and Voyageur projects are listed among the 47 oil sands initiatives. Projects by Syncrude, OPTI Canada Inc./Nexen Inc., EnCana, Canadian Natural Resources Ltd., and others round out list.
! Y" P' i% }9 O) hOther leading sectors sectors are infrastructure projects totaling $10.55 billion, institutional projects at $5.5 billion, and conventional oil and gas at $4.37 billion.
* R/ v; R& ]5 l5 L- ZTo find out more, visit the AED website at www.alberta-canada.com/statpub/mpindex.cfm |
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