Industrial Hotspots: 2008 Industrial Building Seen Rising 21%
Geographically, the market regions receiving the majority of the 2008 project expenditures are western Canada with almost $58 billion, the Great Lakes with $52 billion, the Southwest with $48 billion and the West Coast with $38 billion. Western Canada’s Alberta oil sands development continues to drive massive investment in new and expanding mines, steam-assisted gravity drainage facilities, upgraders, refineries, pipelines, cogeneration plants and terminals, as well as infrastructure and commercial projects to support this development.
The largest project is the $6 billion sturgeon upgrader being planned by Petro-Canada in Edmonton, Alberta. This project could begin construction in late 2008.