Inventory of Major Capital Projects
The inventory of major projects provides information on capital projects and spending programs in Newfoundland and Labrador valued at $1 million or more.1 The list includes both public and private projects that are either continuing or beginning in the current year.2 In many cases, the capital spending figure quoted includes spending from previous years. Capital cost estimates are based on anticipated spending and may vary from actual spending. Capital spending figures generally include construction costs and soft costs, such as engineering, financing, legal, etc. The inventory was prepared between January and April of 2019.
According to this year’s inventory, $22.2 billion in major capital spending is planned or underway in the province. The Utilities category tops the list at $10.4 billion (see table). The Muskrat Falls project is the single largest item in the category with a total estimated cost of $10.1 billion. Mining and Oil & Gas is the second largest category in the listing (the estimated $3.2 billion West White Rose project is the largest project in this category). This year 135 projects were identified for the inventory. For a complete list of published investment projects click here. : The list is also available in Excel (filter on community, industry, and economic zone).
|Major Projects ($ Millions)|
|Mining and Oil & Gas||5,340.9|
|Health Care/Personal Care||218.0|
|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.|
1 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 requested confidentiality of information has prohibited the publishing of projects. Readers should not base investment or business decisions on the information provided.
2 In some project descriptions, 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.
Abbreviations used include TBD (to be determined) and NA (not available).
Capital Cost: 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 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 2019/2019 refers to the project starting and ending in fiscal year 2019-20; start/end denoted as 2019/2020 refers to the project starting in fiscal year 2019-20 and ending in fiscal year 2020-21). All other years are reported on a calendar year basis.
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: 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”.