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Oil sands projects fuel provincial construction boom( _& ?" c+ q$ ~3 M- i; ?
According to a March 2005 inventory of Alberta construction projects, oil sands projects are leading the way in the ever-growing Alberta economy.! {4 O4 a/ p4 H$ a. n2 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.8 |4 c5 P! r: ^( Y2 z* r) i5 e# g
Of 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.5 J. s3 g: K( ?, P" m9 Z
Other leading sectors sectors are infrastructure projects totaling $10.55 billion, institutional projects at $5.5 billion, and conventional oil and gas at $4.37 billion.- _) M) a% b$ I! p
To find out more, visit the AED website at www.alberta-canada.com/statpub/mpindex.cfm |
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