Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
ISER: Oil and gas construction spending in Alaska to rise in 2014
http://www.adn.com/2014/02/03/3305060/iser-oil-and-gas-construction.htmlISER: Oil and gas construction spending in Alaska to rise in 2014
By ELWOOD BREHMER
Alaska Journal of Commerce
February 3, 2014
Investments in North Slope oil and gas projects will be the main driver behind statewide construction spending growth in the coming year, according to a report by the University of Alaska Anchorage Institute of Social and Economic Research.
The annual forecast projects oil and gas spending on construction work in the state to total $4.3 billion in 2014, up 34 percent from $3.2 billion last year. That sector accounts for 46 percent of all construction spending in the state, estimated to be about $9.2 billion.
Last year's initial projection of $8.4 billion was revised to $7.8 billion after oil and gas spending lagged behind expectations in 2013, setting up an even larger increase in anticipated spending this year.
The overall construction spending forecast of $9.2 billion is an 18 percent increase versus 2013.