Great Lakes Expecting $20 Billion In 2Q Projects

According to Industrial Info Resources, the region has 400 projects worth $20 billion planned for the quarter, up 56 percent from the same time 2006.

For the second quarter 2007, the Great Lakes region will see more than 400 capital and maintenance projects worth nearly $20 billion, a 56 percent increase over the same quarter in 2006, according to research by Industrial Info Resources.

The research indicates that Illinois will have the largest share of spending, with projects worth $9 billion, followed by Indiana and Michigan with $3.2 billion and $2.3 billion, respectively.

Alternative fuels will account for most of the spending in Illinois and nearly $5 billion overall, but the power industry still ranks highest in terms of spending with $9.2 billion in projects expected for the quarter. Industrial manufacturing ranks third with $1.4 billion, according to Industrial Info.

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