It takes all kinds of people to build a pipeline: land surveyors who help us define the route, metallurgy experts who deliver the steel strength that meets our quality standards, boom truck crane operators and weld inspectors, just to name a few.
The benefits of a large infrastructure project such as Energy East are far reaching and they will be felt across the country.
According to a study conducted by the Conference Board of Canada, the project will put the equivalent of 14,000 people to work in this country annually during development and construction and generate more than $7 billion in additional tax revenues for all levels of government over the next 20 years. To put this number in perspective, it would be enough to fund Quebec’s entire education budget for nine consecutive months.
Take Québec, Canada’s second most populous province. Energy East will support more than 4,000 direct and indirect full-time jobs annually in its development and construction phase alone, and many of those jobs will be with small Quebec businesses supplying critical pipeline components and services.
Other Quebec businesses stand to benefit from Energy East, like the Suncor refinery in Montreal and the Valero refinery in Lévis. These refineries employ hundreds of workers and they will be able to replace foreign oil imported at a premium with Canadian oil transported by Energy East.
TransCanada is preparing a tour of Quebec to explore opportunities with 180 local suppliers that have expressed interest in working on the project.
This will come on top of:
- Spending approximately $100 million per year in power purchases, municipal taxes and operating and maintenance costs, totaling several billion dollars over the life of the project
- Savings of at least $100 million in reduced natural gas delivery costs to local gas companies, which can be passed into consumers
We will also expand our Montreal project office to a permanent corporate office later this fall, with the opportunity to recruit more employees in the future.
Energy East will foster tangible economic benefits that will be felt by communities across Quebec and throughout Canada, well after the pipeline moves its first barrels of oil eastward.