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Oil sands projects fuel provincial construction boom* j4 r+ }8 }# \- X0 L8 W
According to a March 2005 inventory of Alberta construction projects, oil sands projects are leading the way in the ever-growing Alberta economy.& D H+ o$ ^* a( @5 ^+ W, J
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.
( r+ l/ ^) r% \ J) P) [/ kOf 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.7 I2 @9 ^) t* ?2 y+ c8 D
Other 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.- i+ U' N7 h/ S2 `4 A# z
To find out more, visit the AED website at www.alberta-canada.com/statpub/mpindex.cfm |
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