Page 24 - BEC / JUNE / 2021

Photo Credit- Inter Pipeline Ltd
as providing provincial and municipal governments
with nearly $50 million in annual tax revenue to
support schools, roads, hospitals and other public
services and infrastructure.
Contracting and procuring locally throughout
construction of the HPC has brought significant
benefits to the project, including superior service,
quality, timeliness and lower risk of damage to
components during shipping. This locally-focused
approach has been especially beneficial in the
COVID-19 environment, due to the safety and
logistical challenges the pandemic has created.
In April, 2021, it was announced that $408 million
will be granted to the HPC under the Alberta
Petrochemicals Incentive Program in recognition
24 JUNE 2021 | BUSINESS ELITE CANADA
to the significant contribution the HPC has and will
continue to make to the Alberta economy.
“HPC’s construction has created thousands of
well-paid technical, manufacturing and construction
jobs over its multi-year build and has been a
symbol of hope during difficult economic times
for the Province,” says Christian Bayle, Inter
Pipeline’s President and CEO. “In total we expect
that roughly $3 billion or three quarters of the
project construction spend will be invested directly
into materials and services provided by Alberta
businesses.”
“Furthermore, we expect HPC to generate hundreds
of permanent high-quality full-time jobs and
substantial ongoing tax revenue for government. We