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