U.S. Northeast, New England to See More Than $4 Billion in Third-Quarter Project Completions

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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Northeast and New England regions are set for major capital and maintenance projects with a total investment value of more than $4.2 billion to be completed in the third quarter of this year. Pennsylvania, with 51 projects valued at more than $1.45 billion, leads the regions for both the number and value of projects, followed by New York, with 36 projects valued at more than $1.25 billion.

Click on image at right for a breakdown by state of planned project completions in the U.S. Northeast and New England market regions.

The largest project to be completed during the quarter is the North Shore Connector light rail expansion in Pittsburgh, Pennsylvania. The 1.2-mile light rail line has three stations and required an estimated total investment value of $552 million.

The $500 million Bayonne Energy Center in New Jersey represents the largest Power Industry project in the regions. The 512-megawatt (MW) natural gas-fired, simple-cycle peaking power station was completed earlier in the quarter, delivering electricity to a Con Edison substation in Brooklyn when needed. The facility is owned by Hess Corporation (NYSE:HES) (New York, New York) and ArcLight Capital Partners LLC (Boston, Massachusetts).

In Connecticut, the Connecticut Department of Public Health completed a grassroot public health laboratory earlier in the summer. Flad & Associates (Stamford, Connecticut) performed architectural duties for the 3-story, 100,000-square-foot building, while The Whiting-Turner Contracting Company (New Haven, Connecticut) acted as construction manager.

Industrial Info is pleased be hosting our 2012-13 Market Outlook at the Hilton Parsippany, in Parsippany, New Jersey, on September 20, 2012. The presentations will focus on project spending activity and market trends in the U.S. and Canada, with a special emphasis on the U.S. Northeast and New England market regions. Industrial Info is currently tracking over 1,300 active capital and maintenance projects worth more than $137 billion that are under way or are planned to kick off in these regions.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.