2000-2009
EXPECTATIONS... for the Next Decade
Resources
2001 - Terra Nova in production
New oil developments including White Rose and Hebron-Ben Nevis
Onshore oil development at Port au Port
Natural gas development in Jeanne D�arc Basin
Recovery in groundfish stocks continue
2003 - Construction begins on Churchill River Power Project
Development of Voisey�s Bay
2004 - the Province produces over one-third of Canada�s light crude oil
Infrastructure and Tourism
Continued tourism related service improvements and capacity expansion
2000 - Province celebrates Vikings! 1000 Years
2001 - Opening of St. John�s Civic Centre
2002 - Phase II of Trans Labrador Highway completed linking Red Bay to
Cartwright
2002 - St. John�s International Airport expansion and improvements
completed
2003 - Opening of "The Rooms", new provincial archives, museum
and art gallery
Economy
Province will continue to narrow the gap with national average GDP per
capita
The unemployment rate will decline
Inflation and interest rates will remain low
Demography
Population has stabilized and will eventually increase, driven by
stronger labour
market
Net out-migration trends will reverse, and net in-migration will begin
Aging factors, including low fertility rates and longer life
expectancy, will result in
median age increasing to over 40 years
Technological Advances
Household computer ownership, internet access and e-commerce will
become
increasingly common
Wireless communications will increasingly replace traditional wire
based
communications
Biotechnology research will accelerate, enabling major advances in
health and
adding to life expectancy
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