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Oil sands projects fuel provincial construction boom& j0 Q& P% I; ~ H. o0 C3 e+ i0 O. @
According to a March 2005 inventory of Alberta construction projects, oil sands projects are leading the way in the ever-growing Alberta economy.
?% Z' [% r# D2 {* _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.
; q) A/ \ {+ hOf 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.
( V& v- t+ R! w V, q' a8 q: IOther 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) a E9 y' H& V- f) R7 K/ wTo find out more, visit the AED website at www.alberta-canada.com/statpub/mpindex.cfm |
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