According to a new study by the Credit Union Central of BC (link to press release here), non-residential construction spending in British Columbia will increase by an average 8.8% through 2008, up from 6.3% annual growth over the past three years.
As reported in the Province yesterday, below is a list of the top ten non-residential construction projects in the Lower Mainland, by dollar value:
- Canada Line - $1.9 billion
- YVR Airport expansion - $1.78 billion
- Twinning of the Port Mann Bridge - $1.5 billion
- Cogburn magnesium quarry and ore processing plant (Hope) - $1.3 billion (USD)
- Evergreen Line (Coquitlam) - $953 million
- South Fraser Perimeter Road (Surrey) - $800 million
- Golden Ears Bridge (Langley) - $650 million
- Vancouver Convention Centre expansion - $615 million
- Sea-to-Sky Highway upgrade - $600 million
- GVRD Capilano/Seymour Water Filtration Plant - $600 million
It's worthwhile to note that some of these projects are still in the proposal stage, while funding for many of them comes from a range of sources - local, provincial and federal governments, and in some instances, through contributions from the private sector.
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