SEPT/OCT 2014
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business elite canada 11
final investment decision stage. This is where
investors move to actual site development in-
volving construction of a plant and putting a
pipeline into place, etc.
Mr. Coleman estimates that they will spend
in the range of another $500 million to $1 bil-
lion to get to the point of making their financial
investment decision. All of the 18 have made
similar progress to secure sites and begin prep-
arations governed with long-term strategies
in place. Some of the projects have tentative
operational dates as early as 2018, and about
four or five are aiming to make their final in-
vestment decision by 2016. Mr. Coleman ex-
pects one of the first to be made as early as
next year.
“I’mpretty pleased with the progress. I expect
we’ll get a final investment decision sometime
in the first or second quarter of next year, which
will then kick-start things into high speed,” said
Mr. Coleman.
A number of international and Canadian com-
panies are involved in each one of the projects
