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Oil sands projects fuel provincial construction boom
( B2 ^" C: |. I) T1 bAccording to a March 2005 inventory of Alberta construction projects, oil sands projects are leading the way in the ever-growing Alberta economy.0 r# ^. a; e2 f! ^ F
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.
: S7 d* H# s4 Q! g% w" w+ i5 zOf these projects, oil sands construction accounts for $69.25 billion – the largest component by far. Suncor’s Firebag Phase 2 in – situ project, Millennium Vacuum Unit, and Voyageur projects are listed among the 47 oil sands initiatives. Projects by Syncrude, OPTI Canada Inc./Nexen Inc., EnCana, Canadian Natural Resources Ltd., and others round out list.
G" o$ b' g) E5 l% i6 _2 |( j8 oOther 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.
, t( a4 ^5 t. z9 v( v' p& wTo find out more, visit the AED website at www.alberta-canada.com/statpub/mpindex.cfm |
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