During the Great Recession of 2008-09, British Columbia was insulated somewhat from economic disaster by billions of dollars spent on major public works projects leading up to the 2010 Winter Olympics.
Spending on big projects like the Canada Line ($2 billion), the Richmond Olympic Oval ($145 million) and Sea-to-Sky Highway ($789 million) helped buffer B.C.’s economy from the steep downturn.
In addition to big energy projects, preliminary work is also expected to begin on some large public works projects in 2020, like the $1.9 billion new St. Paul’s Hospital, the $2.8 billion Millennium Line Broadway extension, the $1.4 billion Pattullo Bridge replacement and the $600 million Kicking Horse Pass widening project.
Click here to read the full story in the Business In Vancouver News.
Similar story can be found in the JWN Energy news.