As the new year kicks off, Industrial Info Resources is tracking 7,760 projects with a combined total investment value $575.8 billion that are planned to kick off in 2014 in North America. This compares to about $480 billion that were planned to kick off in 2013 at this time in 2012. And while not all of this project activity will actually take place due to project fallout, Industrial Info says the higher anticipated dollar amount between years is quite substantial.
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While more than $52 billion of oil sands-related projects are planned to kick off in Canada next year, Industrial Info says the country also has a very strong hydropower industry, with approximately $17.7 billion in hydro projects set to kick off in 2014–more than 10 times the $1.7 billion of hydropower projects planned to begin construction in the U.S.
To read Industrial Info's full report on this story, go here.