The 26th edition of APEC’s Major Projects Inventory identifies 329 major investment projects in various stages of development across Atlantic Canada. The total value of these projects is $86 billion, up 13% over last year’s Inventory.
The economic downturn has significantly altered the environment for major projects investment in Atlantic Canada in the past year. Many private projects have stalled or been cancelled because of such factors as lower product demand, softer commodity prices and more difficult access to credit. However, many ongoing projects are benefiting from a drop in material and labour costs. Several large private projects that were well advanced continue to move forward, providing important support to the region’s economy. In addition, the number of public projects rose notably as governments attempted to provide some economic stimulus.