The project will also generate significant economic benefits for Canada by creating thousands of jobs and generating billions of dollars in tax revenues for communities across the country, according to an updated report released by the Conference Board of Canada (CBoC) based on the latest project modifications.
The CBoC estimates Energy East will create more than 14,000 direct and indirect jobs every year during its nine-year development and construction.
Some of these jobs will be for land surveyors, environmental experts, welders, crane operators and our many suppliers, but pipeline activity will also support businesses such as restaurants, hotels, grocery stores and truck rental companies along the project’s route. These jobs will allow many Canadians to work close to home while supporting their families.
The benefits won’t stop once the pipeline is built
“Once operational, Energy East will generate positive economic and fiscal benefits on an ongoing basis,” the report states, estimating that another 3,300 jobs will be supported each year once the 4,500-kilometre long project is in operation.
The project will also provide $10 billion in federal and provincial tax revenues that will help Canadian communities build important infrastructure, such as schools, hospitals, roads and bridges. To put things into perspective, this is nearly twice the annual amount set aside by the federal government for provincial and municipal infrastructure projects.