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Oil sands projects fuel provincial construction boom1 W0 v2 C' k! M- V. g7 J
According to a March 2005 inventory of Alberta construction projects, oil sands projects are leading the way in the ever-growing Alberta economy. Q' S. S, T7 ~, P) `: M8 o
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.3 W! ]; Q1 w' k5 A2 ?
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.
, ]6 B/ U4 A4 {% ^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 u. [' Z, b" i8 M f5 y
To find out more, visit the AED website at www.alberta-canada.com/statpub/mpindex.cfm |
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