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Muskrat Falls expenditures total $144M in July


Total expenditures paid for the Muskrat Falls project totalled approximately $144 million in July, according to the latest monthly report from Nalcor Energy.

The report says this amount included almost $28 million to Newfoundland and Labrador businesses. “From January 2013 to the end of the reporting period in July 2015, over $900 million has been spent with Newfoundland and Labrador-based companies.”

Nalcor says no contracts were awarded in July.

The direct facilities capital cost forecast for the Muskrat Falls projects was $6.99 billion to July 2015.

However, the incurred costs for the project to July 2015 (referring to the value of work performed during the period regardless of it being paid during the current period or at some point in the future) are estimated to total more than $3 billion — including more than $1.6 billion for the Muskrat Falls Hydroelectric Generating Facility, $478.8 million for Labrador transmission assets and $954 million for the Labrador-island transmission link.

The report also provides statistics on employment related to Muskrat Falls.

It says in July, almost 850,000 hours were worked by 5,169 individuals on the projects, including more than 711,000 hours of work in Labrador.

During the month of July, 4,355 residents of Newfoundland and Labrador were employed on the projects, representing over 84 per cent of the total persons employed.

 In July, there were 4,266 people working in Labrador, of whom 1,221 were Labrador residents (about 29 per cent). Of these 1,221 Labrador residents, 492 self-identified themselves as a member of a Labrador Aboriginal group (about 40 per cent).

The full report can be found online by clicking HERE.

The report says this amount included almost $28 million to Newfoundland and Labrador businesses. “From January 2013 to the end of the reporting period in July 2015, over $900 million has been spent with Newfoundland and Labrador-based companies.”

Nalcor says no contracts were awarded in July.

The direct facilities capital cost forecast for the Muskrat Falls projects was $6.99 billion to July 2015.

However, the incurred costs for the project to July 2015 (referring to the value of work performed during the period regardless of it being paid during the current period or at some point in the future) are estimated to total more than $3 billion — including more than $1.6 billion for the Muskrat Falls Hydroelectric Generating Facility, $478.8 million for Labrador transmission assets and $954 million for the Labrador-island transmission link.

The report also provides statistics on employment related to Muskrat Falls.

It says in July, almost 850,000 hours were worked by 5,169 individuals on the projects, including more than 711,000 hours of work in Labrador.

During the month of July, 4,355 residents of Newfoundland and Labrador were employed on the projects, representing over 84 per cent of the total persons employed.

 In July, there were 4,266 people working in Labrador, of whom 1,221 were Labrador residents (about 29 per cent). Of these 1,221 Labrador residents, 492 self-identified themselves as a member of a Labrador Aboriginal group (about 40 per cent).

The full report can be found online by clicking HERE.

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