Since 2019, four energy mega-projects – Site C dam, the Trans Mountain pipeline expansion, LNG Canada and Coastal GasLink pipeline – have been under construction, boosting B.C.’s economy with thousands of construction jobs and billions spent on procurement and wages.
With a total capital spend estimated to be roughly $100 billion, these four projects alone were estimated to have provided 19,000 to 20,000 construction jobs in B.C. in 2022.
But all of these projects are now in the home stretch, and construction will soon begin winding down.
B.C.’s Major Projects Inventory – which lists private and capital projects over $15 million – notes a $22 billion drop in activity between the first quarters of 2022 and 2023 – from $388 billion in Q1 2022 to $366 billion in Q1 2023.
The two pipeline projects – the Trans Mountain pipeline expansion (TMX) and Coastal GasLink pipeline (CGL) – are expected to be finished by the end of this year. LNG Canada and Site C have roughly another year to go. The TMX project’s workforce was expected to peak this year at 10,500 – 11,000. In June this year, a little more than 6,000 people were employed on the Site C dam.
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