$96 Billion Spent on Infrastructure in Canada

ReNew Canada's Top 100 Biggest Infrastructure Projects shows trend towards: Hydroelectric and Transportation Projects
Top 100 on news stands now.

TORONTO, Jan. 4 /CNW/ - Canadian infrastructure spending is alive and well, with $96,096,400,000 being spent in 20 categories according to ReNew Canada - the country's leading expert on infrastructure, which today published its Top 100 Projects 2011 Report. 

"Infrastructure is a leading indicator of economic growth, and this country is doing well in terms of large-scale projects," said Mira Shenker, Editor, ReNew Canada. "For 4 years, the Top 100 has been a barometre for spending and this year, the projects total over $96 billion, up from $68 billion in 2010. While 46% of all buildings on the list are new builds, the rest are renewals and expansions, an indication that a fair amount is being done to address this country's aging assets."

In this year's Top 10, representing over a third of spending on the list, some $36 billion was spent, primarily on Transportation/Transit (5 projects) and Hydroelectric/Renewable Energy (4 projects), with one hospital expansion.

"This year, we saw an increase in the number of projects involving transit and transportation, with 34 commuter projects to highways and bridges - likely an indication that government is actively looking to fix existing infrastructure and come to terms with rapid expansion," said Shenker.

Two of the Top 10 projects are in Toronto - Eglinton Crosstown LRT Project ($4.6 billion) and the Spadina Subway Extension ($2.63 billion).Their presence on any future list may be under review given current discussions around Transit City's status.

The top ten projects are:

Romaine Complex A Renewable Energy Project, Quebec
$6.5 billion (# 1 in 2010 as well)
 
Lower Churchill Hydro Project, Central Labrador
$6.2 billion (NEW)
 
Eastmain-1-A/Sarcelle/Rupert Project, Quebec
$5 billion (# 2 in 2010)
 
Eglinton Crosstown, LRT, Ontario
$4.6 billion (NEW)
 
Turcot Interchange, Quebec
$3 billion (# 10 in 2010)
 
Spadina Subway Extension, Ontario
$2.63 billion (# 3 in 2010)
 
Lower Mattagami Hydroelectric Complex, Ontario
$2.6 billion (NEW)
 
CHUM (Centre hospitalier de l'université de Montréal) Redevelopment, Quebec
$2.5 billion (NEW)
 
Port Mann/Highway 1 Project, British Columbia
$2.46 billion
 
Ottawa LRT, Ontario
$2.1 billion (NEW)

For the full list of key players and details such as financing sources, visit top100projects.ca. Find an interactive map of all projects at http://top100projects.ca/map

Canada's infrastructure renewal magazine, ReNew Canada, began publication in October 2005 as a business magazine that profiles the design, construction, financing models, management methods, and leading-edge technologies behind Canada's infrastructure industry. To learn more visit renewcanada.net

SOURCE ReNew Canada

For further information:

or to speak with Mira Shenker, contact:

Annette Borger, (416) 988-7086 / Annette@integralcommunications.com

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