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Last updated on April 17, 2014 at 21:23 EDT

New York Grabs 57% of Northeast Region’s $8 Billion of Capital Project Investment in 3Q08, an Industrial Info News Alert

August 26, 2008

Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) — The Northeast region expects to begin construction on $8.1 billion of capital projects in the third quarter of this year. Divided among 159 projects, the average total investment value (TIV) for each project is a healthy $51 million. The region’s clear leader in capital investment for the quarter is New York, with a stunning $4.6 billion in scheduled project starts. The remaining activity is spread throughout the Northeast’s other states of Delaware (six projects — TIV of $53 million), New Jersey (22 projects — TIV of $393 million) and Pennsylvania (74 projects — TIV of $3.1 billion).

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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SOURCE: Industrial Info Resources