The inventory of major projects provides information on capital projects and spending programs in Newfoundland and Labrador valued at $1 million or more. The list includes both public and private projects that are either continuing or beginning in the current year. In many cases, the capital spending figure quoted includes spending from previous years. The inventory was prepared between January and March 2016.
According to this year's inventory, about $33 billion in major capital spending is planned or underway in the province. The Mining, Oil and Gas category tops the list at $16.4 billion (see table). The Hebron oil project is the single largest item in the category with a total estimated cost of $14.0 billion. Utilities is the second largest category in the listing (the estimated $7.7 billion Muskrat Falls project is the largest project in this category). Industrial/Manufacturing is third in size, mainly reflecting the estimated US$4.25 billion nickel processing facility at Long Harbour. This year 153 projects were identified for the inventory. For a complete list of published investment projects click here. The list also has an electronic search feature (search by community, industry, and economic zone). As well, there is a feature which allows readers to help identify projects for future lists.
|Major Projects ($ Millions)|
|Mining and Oil & Gas||20,838.2|
|Health Care/Personal Care||283.2|
|Note: Some projects contain ranges for their capital cost. In these cases, the mid-point of the range was used in the summations above.
Capital costs for some projects were not available. As a result, their cost is not reflected in the table above.
Users should note that in some project descriptions in the inventory government is identified as a source of funding. This reference, in most cases, is based on information provided by the project's proponent and should not be interpreted as an announcement by government of funding approval. Users should also note that while every effort has been made to identify projects and research information, this list is not exhaustive. The information was gathered at one point in time and in some cases protecting the confidentiality of information has prohibited the publishing of projects. Users should not base investment or business decisions on the information provided. Abbreviations used include TBD (to be determined) and NA (not available).
Capital Cost of Value: Includes spending on machinery, equipment, and construction. In many cases it also includes purchases of computers and software. In some cases the capital figure quoted covers the entire life of the project. This means that the figure can include spending from previous as well as future years.
Start/End Date: (Start) The year in which the proponent (owner) considers the project to have started or will start. (End) The year in which the expenditure is completed. An asterisk (*) by a project name denotes that the project has a start and end date on a fiscal year basis (e.g., start/end denoted as 2016 refers to the project starting and ending in fiscal year 2016-17; start/end denoted as 2016/2017 refers to the project starting in fiscal year 2016-17 and ending in fiscal year 2017-18). All other years are reported on a calendar year basis.
Community (Location): Town or city where the project is taking place. In some cases, the spending figure provided covers projects in numerous communities. In these cases, the community is usually listed as "various".
Economic Zone: Economic zone where the project is taking place. In some cases, the spending figure provided covers projects in numerous zones. In these cases, the zone is usually listed as "various". A map of economic zones can be found here.
Industry Categories: Indicates the industry in which the work is taking place (e.g., transportation, commercial, etc.). Definitions of the categories are provided here.
Comments: Basic descriptive information about the project. Government funding is identified.
Region: Indicates whether the project is taking place on the Island of Newfoundland or in Labrador. In many cases the project could be occurring in both Newfoundland and Labrador. In these cases, the region is "province".