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An Updated Look at BC’s Inventory of Major Capital Projects

Highlights

  • The value of all “major” capital projects that are planned or underway in BC sits at a whopping $344 billion. 
  • The total inventory of projects has increased sharply, mainly due to a large number of LNG proposals.
  • Without LNG, the value of proposed capital projects is still up by more than 20% over the past few years.
  • The value of all major projects currently underway in BC stands at $83 billion, up from $63 billion in 2011.
  • Among non-residential segments, the power and mining sectors stand out as having the largest inventories of proposed projects in the Major Projects database.
  • BC Hydro’s capital program is the largest source of current investment spending, outside of the residential sector. 
  • The data suggest that investment in the province’s manufacturing sector will be muted.
  • Investment spending for port-related infrastructure continues to be an economic driver.