January 24, 2014
VIDEO: ACEC BC president Keith Sashaw on the Major Projects Inventory
The British Columbia chapter of the Association of Consulting Engineering Companies recently presented an economic review and look forward to 2014 for its members at the Terminal City Club in Vancouver.
ACEC BC president Keith Sashaw presented a look at the Major Project Inventory, a quarterly publication from the province of BC which lists all major projects that are proposed, planned or underway in British Columbia. The projects must have a capital cost of at least $20 million each within the Lower Mainland and $15 million or more in the rest of the province.
Sashaw gave his evaluation of the current progress on major projects in BC, and said he was encouraged by the growth of the inventory over the past few years. He also pointed to northern BC and resource based sectors of the economy as significant drivers of the increase in major projects.
Sashaw also also pointed to the inventory as a “soft” indicator of which projects are under construction. Some projects are coming to a conclusion while other projects move from the proposal stage to construction. However, Sashaw said many of the projects in the inventory are proceeding and thus indicate the direction of the provincial economy.
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