Trans
Canada announcing the economic benefits that will stem from the Energy
East Pipeline based on a report by Deloitte and Touche.
Deloitte used 40 years as a example for the life of pipeline but expects it will be around a lot longer than that.
The
gross domestic product is forecast to be 10 billion dollars in the
construction and development phase. Russ Girling is the President and
CEO of TransCanada and he says that's going to mean a significant number
of jobs--over 10,000 in the construction phase.
In the operating
phase, the pipeline, when completed, will create 1000 jobs and when you
add in spinoff positions it increases to 4000 jobs.