Almost $70M spent on Muskrat Falls in June

Latest benefits report shows increased hires for construction

Ashley Fitzpatrick
Published on August 20, 2014
Tower Steel Assemblers who were trained through Labrador Aboriginal Training Partnership. The students completed their on-the-job training with Valard Construction (HVac transmission contractor). — Photo courtesy of Nalcor Energy

The latest monthly report on benefits to the province from the Muskrat Falls project is now available, providing numbers from June 2014.

The report from Nalcor Energy notes “almost $70 million” in spending on the project in the month — an increase from the earlier spring months of February and March when about $66 million and $67 million was spent.

The total estimated capital cost for the project is $6.99 billion.

On employment, 2,596 people were employed on the project in June, not all in Labrador. That is up from 2,051 in May.

Of the total, 86 per cent were identified as residents of Newfoundland and Labrador, as compared to 88 per cent in May.

Some 859 Labrador residents were working on the project in Labrador, with 379 being members of a Labrador Aboriginal group.

The benefits update notes the first foundations for the new power line between Churchill Falls and the developing Muskrat Falls were installed by Valard Construction.

As reported, Valard has since been awarded the contract for construction of the bulk of the 1,100-kilometre Labrador-Island Link.

The clearing of trees for that Labrador-Island Link, to the island of Newfoundland, down the Northern Peninsula, and across to the island’s Avalon Peninsula, was also started in June. Springdale Forest Resources completed the work.