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Article: Canada : Investors keen to build on stimulus bonanza.
- Article from:
- TendersInfo
- Article date:
- October 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Consumers may not be throwing their money around, but governments certainly are. Consider some recent contract announcements: Bird Construction Income Fund is receiving $85-million from Ottawa to build a hangar at CFB Trenton; Armtec Infrastructure Income Fund scored a $27-million deal to supply sewer piping to the Ontario municipality of York-Durham; Fluor Corp. has won a $67-million (U.S.) contract with the U.S. Army in Iraq.
After being clobbered by the credit crunch, the shares of engineering and construction firms that design and build the roads, bridges, schools, hospitals and power plants that will underpin tomorrow's economy are on a rebound.
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