(November 4, 2016 – Burnaby) – On behalf of B.C.’s construction industry, the Independent Contractors and Businesses Association of B.C. (ICBA) offers congratulations to Woodfibre LNG for their positive decision for the liquefied natural gas project in Squamish. Their investment in this project is welcome news for the families and workers of B.C.
“LNG is potentially one of the best things to ever happen to B.C.’s economy, and Woodfibre LNG’s decision to invest reflects tremendous confidence in this emerging industry,” said Philip Hochstein, president of the ICBA.
“We need to ensure that this project has every opportunity to reach its full potential,” he said.
Woodfibre LNG’s project will be the first of its kind in B.C., and will grow our economy by significantly increasing the return that B.C. and Canada receives from our natural gas reserves.
Squamish residents will reap many long-term benefits including spin-off jobs and opportunities for local small businesses, as well as tax revenues that will support new and improved community centres, parks, festivals, and more.
The project will create more than 650 construction jobs per year during a two-year construction period, and 100 full-time jobs during operation.
About ICBA (www.icba.ca) The Independent Contractors and Businesses Association of B.C. services and represents B.C.’s construction sector. ICBA’s 1,200 members build in every construction sector and are involved in virtually all major capital projects in British Columbia.