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| Economy 2004 - Inventory of Major Capital Projects - Newfoundland and Labrador |
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| Voisey's Bay Photo Credit: Voisey's Bay Nickel Company Ltd. |
Francophone School, St. John's Photo Credit: Artist-Neville Mills |
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Inventory of Major Capital Projects |
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| The inventory of major projects provides information on capital projects and spending programs in Newfoundland and Labrador valued at $1 million or more. The list includes both public and private projects that are either continuing or starting in the current year. All spending is privately funded unless otherwise indicated. In some cases, the capital spending figure quoted includes spending from previous years. The inventory was prepared in February and March 2004. | |||||||||||||||||||||||||||||||||||||||||
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According to this year's inventory, about $8.5 billion in major
capital spending is planned or underway in the province. Resource related projects command the lion's share
of the
spending. The single largest project is the Voisey's Bay
development which has an estimated capital cost of $2.9 billion.
This is followed by White Rose at $2.0 billion. Noteworthy is the
considerable spending in the area of tourism, cultural and
recreational activities, pegged at almost $800 million. The most
significant project in this group is the development of a resort
complex on the West Coast of the province. This major project listing is available in a searchable database. The online database includes search capabilities by Community, Industry and Economic Zone as well as a feature that allows readers to suggest a project for future lists. |
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Humber Valley Resort Photo Credit: Humber Valley Resort |
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| This information was current as of March 16, 2004. | |
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