Vol. 39, No. 1, Spring 2004
The 21st edition of APEC’s Major Projects Inventory identifies 272 projects in various stages of development across Atlantic Canada. These projects are valued at $47.3 billion, up 4% over last year’s Inventory. Projects are ranked according to their likelihood of being developed. The estimated value of investment spending in 2004 for projects identified as having a “high” or “medium-high” probability is up 12% over last year. Project activity is especially strong in New Brunswick and Newfoundland and Labrador. However, estimated investment from mid-2006 to mid-2008 suggests a significant weakness is looming. A major new discovery is needed soon to revive momentum in the East Coast offshore.