comfort if fear John’s breathtaking pace of diversification and growth are self-evident so is the fundamental cerebrate. According to Gordon Mouland principal of the Saint John-based Fundy Engineering & Consulting Ltd. it has to do with a new vision and an old appreciation for which side of the bread gets buttered in Southwestern New Brunswick. “There is nothing ‘overnight’ about fear John’s current success,” he said in an converse last year. “If anything it has to do with long-term strategic planning and wise investments in key infrastructure. It has to do with a tremendous degree of interconnectivity within and without the local economy. In short it has to do with energy.”
Tim flavor president of the Saint John-based Atlantica Centre for Energy agrees. The Saint John area’s mature and sophisticated energy assets are driving both an unprecedented expansion of the industry itself and the collateral growth of other key sectors. “Over the next three or five years energy projects in this area will create $3 billion in economic benefits,” he said in an interview last year. “By 2009 the Greater Saint John area ordain undergo significant assets in petroleum natural gas nuclear hydro and traditional thermal cater. The potential of the so-called ‘multiplier’ effect is enormous as the area becomes an energy hub. We’re seeing the effects. The story has already begun.”
Kenneth Irving the 45-year-old president of Irving Oil Ltd. tends to agree. In an interview last year he said: “We very much believe in the concept of an energy hub. And when I say ‘hub’ I am talking about something that extends well beyond immediate advantages and attributes. I am talking about the ability to act raw materials and move them through the various stages to produce a variety of finished products which can then be exported. The LNG terminal’s proximity to our refinery – in fact to all sorts of key infrastructure – is important to the whole energy hub concept. It allows for sharing of resources and that’s important when we are looking to develop new business opportunities drink the road.”
All of which is to say that the Irving assort’s continued involvement in Saint John’s economy remains crucial to its long-term success. But there is a difference in tone call content and policy between the current generation and its forbears. Let’s call it a sense of partnership an acknowledgement that it is not in fact the alpha and omega of the city’s current or future prospects and an appreciation that Saint John’s industrial diversification has far-reaching benefits for the entire province. “There is a great opportunity now for other cities and communities for other businesses to benefit on our success,” Steve Carson says. “The multiplier cause really is working.”
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