There is more than $186 billion invested in the biggest infrastructure projects currently under development in Canada, according to the 2017 edition of the Top100 Projects report.
The Top100 Projects report, produced each year since 2006 by industry magazine ReNew Canada, researches and analyses several hundred projects each year at differing stages of discussion, design, and construction to build its comprehensive list of public sector projects from all provinces and territories. The detailed report provides exclusive information on each project’s cost, owners, key players and contractors, construction status, site updates, financial arrangements and date of substantial completion.
The value of the report grew more than $25 billion over the previous year, thanks to the nuclear refurbishment projects announced in Ontario in 2016. The Bruce Power refurbishment project at $13 billion, along with the Darlington refurbishment project at $12.8 billion are the largest and second-largest projects currently under development in Canada. Last year’s number one, the Eglinton Crosstown LRT project valued at $9.1 billion, fell into a tie for third overall with the Muskrat Falls hydroelectric project in Newfoundland and Labrador.
The energy sector represented the largest overall capital investment for projects that made the Top100 list, with 29 projects valued at $83 billion. The transit sector was second with 23 projects valued at $48.5 billion, with the transportation sector’s 18 projects valued at $33.3 billion being the third largest investment area. Ontario had the largest share of projects with 36, followed by British Columbia with 19 and Quebec with 15. Alberta has $20 billion invested in 11 of the Top100 projects in Canada.
“There is a staggering amount of money being invested in infrastructure across Canada,” says Todd Latham, publisher of ReNew Canada. “The projects on this year’s list demonstrate in a very big and specific way what governments, agencies, constructors, engineers and designers are building with that capital.”
The 2017 Top100 Projects list will be celebrated at the annual Key Players and Owners Dinner on Tuesday, February 21st at The Carlu in Toronto. The gala event attracts executives from throughout the infrastructure industry in Canada as well as senior leaders from all orders of government.
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