Provincial Inventory of Major Projects Released

Saturday, March 01, 2008 04:53 AM

The provincial government's Major Projects Inventory, which tracks the growth in the number of large scale construction projects in B.C., shows the number of total major projects in the province has increased with record breaking numbers again. This marks the 18th straight quarter the inventory has grown.

According to the Major Projects Inventory, December 2007 edition:

* Eight hundred and thirty-five major capital projects, worth an estimated record $148.1 billion were planned or underway in B.C. between October and December 2007.
* This is an increase of seven per cent in the number of major capital projects and an increase of 27 per cent in estimated value from this time last year, when there were 781 major capital projects planned or underway worth an estimated record $116.9 billion.
* This is a dramatic increase from December 2001, when there were 315 projects planned or underway worth an estimated $45.7 billion. * The capital cost of all major projects listed as under construction in B.C. is estimated at $57.3 billion, up from $53.3 billion in the third quarter of 2007. This is a marked increase from December 2001 when the capital cost of all major projects under construction was worth an estimated $17.3 billion.
* Thirty-five major projects started construction in the last quarter valued at approximately $4.7 billion.
* Thirty-four projects completed construction in the fourth quarter with an estimated capital cost of approximately $1.7 billion, two of the largest being the Imperial Landing development in Richmond and the Spectrum development in Vancouver.

The inventory includes projects with a capital cost of at least $20 million within the Lower Mainland and projects valued at $15 million or more in the rest of B.C.

Cariboo
Residential/Commercial: 7
Transport. & Warehsg: 4
Mining & Oil & Gas Extraction: 11
Utilities (including sewage treatment): 2
Mfg: 4
Public Services: 3
Other Services: 5
Total: 36

North Coast
Residential/Commercial: 2
Transport. & Warehsg: 10
Mining & Oil & Gas Extraction: 12
Utilities (including sewage treatment): 12
Mfg: 1
Public Services: 0
Other Services: 0
Total: 37

Nechako
Residential/Commercial: 0
Transport. & Warehsg: 1
Mining & Oil & Gas Extraction: 5
Utilities (including sewage treatment): 1
Mfg: 3
Public Services: 0
Other Services: 0
Total: 10

Northeast
Residential/Commercial: 4
Transport. & Warehsg: 1
Mining & Oil & Gas Extraction: 8
Utilities (including sewage treatment): 14
Mfg: 1
Public Services: 0
Other Services: 2
Total: 30

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Posted on Saturday, March 01, 2008 04:53 AM in News by 250 News

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Comments

Posted by: YamaDooPolCat on March 1 2008 7:39 AM

I wonder if the Lime Pit mine by Giscome is included in these totals?

Posted by: owl on March 1 2008 9:20 AM

Here is the report to download

http://www.gov.bc.ca/ecdev/attachments/mpi0704_feb292008_feature.pdf

The City might want to question the province about the report since they show the estimated population of PG, on page 98, to be 76,2008 for 2004, 75,028 for 2005, 74,810 for 2006 and 75,375 for 2007.

Seems the province has caught up with the census figures.

The Giscome project is shown on page 99. These reports show every single project above the limits identified. They do not reflect any likelyhood of them ever going ahead.

For example, the Cameron Street bridge is shown as a projected cost of $35 million. We all know that figure has not been the likely figure for some time. The update is shown to have been done December 2007. My question is, who did they talk to for that update?

Coast Hotel expansion - $15 million. First reported December 2006 with a Dec. 2007 update. The Coast has been talking about an expansion since the late 1970's or so when they were going to build a second tower where Tim Hortons nwo stands.

Museum expansion ..... $28 million

Golf and curling club relocation $15 million

Ethanol Plant - $20 million - start - late 2008

I have, for decades, regarded the report as an excellent example of a modern Bible. Some people, like me, think it is a work of fiction, others feel it is the truth.

BTW, the REAL Cameron street bridge does not show up since it is below the limit. What they refer to as the Cameron Street bridge is actually the twinning of the Fraser river bridge.

Your government dollars at work (I mean, the compilation of this work of fiction).....

;-)

Posted by: owl on March 1 2008 9:25 AM

Ooops ... forgot about the Cancer Clinic .... $100 million .. start 2010

and the police station ... $19 million ...

and Duchess Park .... $31 million

and groundhog coal fields .. $200 million

and Lorraine-Jayjay Copper Mine ... $100 million

Posted by: Moses on March 1 2008 6:28 PM

Don't forget Mr. Ghiai's $175 million mixed-use development downtown, complete with motorized, air-filtering trees, chocolate fountain and alchemy lab.