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Oil sands projects fuel provincial construction boom- B" V' O z4 {
According to a March 2005 inventory of Alberta construction projects, oil sands projects are leading the way in the ever-growing Alberta economy.6 f" {6 i! |9 N0 {0 W
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.
?1 r5 a" |, X5 WOf 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.9 ]) P; a. G( w4 @( X% y5 ^
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.
2 ^1 b1 j9 j- i7 k* N0 ZTo find out more, visit the AED website at www.alberta-canada.com/statpub/mpindex.cfm |
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