BC Major Projects Inventory
The B.C. Major Projects Inventory (MPI), published quarterly, provides summary information on major projects in the Province of British Columbia. The MPI includes a listing of private and public sector construction projects in B.C. with an estimated capital cost of $15 million (Can.) or greater (Read more...)
This issue of the B.C. Major Projects Inventory lists 21 new proposed projects over $15 million (M) for the first quarter of 2016, with available capital cost estimates totaling approximately $2.4 billion (B) in potential new capital investment, if all the projects proceed.
Thirteen major projects started construction in the first quarter, with an estimated value of $2 B. Among the larger projects started are the $811M Brucejack Gold Project in Iskut, and the $715M Tower Gas Plant in Fort St. John.
Eighteen projects completed construction in the first quarter, with an estimated capital cost of $1.1B. The largest project is the $283M North Shore Trade Area - Philip Avenue Overpass Project in North Vancouver, followed by the $120M Clayton Village Residential Development in Surrey, and the $100M Eagle Creek Village Mixed Use Development in View Royal.
All capital costs in this report are estimates and therefore subject to change. This is particularly applicable 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 or owner requested that no capital cost be shown.
The capital cost of all major projects currently under construction in B.C. is estimated at $77.4B, up slightly from the $75.4B reported in the fourth 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 $329.3B, down from $341.6B in the previous quarter. Approximately $31.2B of projects are deemed to be ‘on hold’ for the time being.
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