LATEST NEWS
July 24, 2006
Construction costs on the rise for Alberta college expansion
RED DEER, Alta.
A new cost analysis has pegged the price tag of a central Alberta college’s expansion project at $35 million more than originally expected.
The two-phase, five-year construction project is now expected to cost $110 million, up from a projected $75 million.
Red Deer College president Ron Woodward says the province requested the college increase its capacity for apprenticeship programs to meet industry demand.
Once construction is completed, apprenticeship training opportunities will double at the college to accommodate 4,500 students by the fall of 2008.
Woodward says the costs became more solid as plans sharpened for phase one of the construction.
That began earlier this month.
“Our detailed planning is further along, so we’re getting better numbers,” Woodward explained.
The overwhelming demand for labour and construction materials in Alberta has also added to the bottom line, Woodward said.
“We know costs are increasing in some instances by 15 to 20 per cent each year. We’re trying to build that into (the budget) as well,” he said.
Site preparation is underway for the first phase of construction, which will include centres for trades and technology, manufacturing, business enterprise, and visual art.
Wings for welders, pipe fitters and mechanics will also be built.
The first phase is expected to be completed in 2008. Construction of the second phase, which will include centres for wellness and health education, will start in 2007 and is expected to be completed by 2010.
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