BC Major Projects Inventory
The BC Major Projects Inventory (MPI) contains summary information on major projects in the Province of British Columbia, Canada, that are over $15 million (Cdn.) capital cost, or $20 million in the Lower Mainland–Vancouver area (Read more...)
- Download an excel version of the December 2015 Issue
- Download a PDF version of the December 2015 Issue
This issue of the BC Major Projects Inventory lists 23 new proposed projects over $15 million for the fourth quarter of 2015 with available capital cost estimates totaling approximately $2.4 billion in potential new capital investment, if all projects proceed.
Eighteen major projects started construction in the fourth quarter, with an estimated value of $1.4 billion. Among the larger projects started are the $860 million Sunrise Gas Plant in Dawson Creek, the Fort St. John and Taylor Electrical Supply at $53 million and the RCMP Detachment Building at $48 million in Kelowna.
Thirty projects completed construction in the fourth quarter, with an estimated capital cost of $4.0 billion. The largest project is the $1 billion Quintet Mixed Use Development in Richmond, followed by the $743 million Interior to Lower Mainland Transmission Project in Coquitlam, and the $714 million Upper Columbia Capacity Additions at Mica in Revelstoke.
The capital cost of all major projects currently under construction in B.C. is estimated at $75.4 billion, down from the $79.6 billion reported in the third quarter of 2015. Many major project proposals listed are in very preliminary stages and are not approved for construction, therefore capital cost estimates should be viewed with caution.
The available capital cost of proposed projects is estimated at approximately $341.6 billion, up slightly from $338.0 billion in the previous quarter. Approximately $31.5 billion of projects are judged to be ‘on hold’ for the time being.
All capital costs are estimates, and therefore, subject to changes, especially in the early stages of a project proposal. Some capital costs are not included because they were not available at press time or the developer/owner requested that no capital cost be shown.
Information to Readers
The Major Projects Inventory (MPI) is a listing of private and public sector construction projects in the Province of British Columbia.
The MPI lists construction projects in B.C. valued at $15 million or greater ($20 million or greater in the Lower Mainland) including a status category: Proposed, Under Construction, Completed, or On Hold. Project information is obtained from public and private information sources.
While effort is made to maintain a comprehensive project listing that includes the most current information, it is important to note that projects are constantly being added and re-evaluated by industry. Not all major projects are included in the MPI: Projects must be known to be included, and some project information is not published for reasons of confidentiality.
For more information on the BC Major Projects Inventory, please email: EconomicDevelopment@gov.bc.ca