Research by Houston-based Industrial Information Resources (www.industrialinfo.com) has determined that Canada is a land of mega-projects for industrial construction in the near future. IIR identified 942 major industrial projects totaling a whopping $125.7 billion scheduled to begin in 2005 or beyond. Twenty-three of those projects have total investment value of $1 billion or more.
Oil & transmission projects lead the pack with some 70 projects worth $37 billion. The power industry plans 195 projects worth around $33 billion, while the metals and minerals industry is third in planned future capital spending, with more than $19 billion from 123 projects.