The value of commercial construction in Kitimat up until May this year is $995,134 compared to $231,400 this time last year.
District of Kitimat Director of Economic Development Michael Dewar said the majority of the expenditure comes from two projects: the new commercial building on Forest Avenue valued at approximately $416,000, and the District of Kitimat Sewage Treatment Plant upgrade (mechanical, electrical, and building interior) on Dyke Road valued at approximately $550,000.
This is part of the $3.6 million Pollution Control Centre upgrade, for which the District received $2.4 million in grants from the provincial and federal governments.
“It must be noted that because commercial construction values to date are ahead of the previous year’s, this doesn’t mean this year will end with greater commercial construction values. As of November 2016 the total value of commercial construction was approximately $1,023,000 compared to approximately $4,738,000 in 2015.
While commercial construction increased, in the corresponding period the value of residential construction dropped from $1,856,497 to $227,500.