Building: Lack Of Projects At 2013 Raises Fears

11 years, 7 months ago - September 20, 2012

The year 2013 raises the worst fears in the building sector. Contractors, architects and engineers are almost unanimous: no big project will start next year. A situation which they believe could lead to layoffs if the current trend continues.

"For the first quarter of 2012, growth in the construction sector was 2%, and for the second quarter of 1%. For the third, it could be zero or less. It will be the same for 2013. We have no visibility into projects, "said Anwar Ramdin, Chairman of the Building and Civil Engineering Contractors Association.

According to him, the government should invest in infrastructure, renovation of public buildings and social housing to prevent the situation from escalating. Because "there are not many" big projects for the private sector. This is due to the decline in investment due to the difficult economic situation caused by the situation in the euro area and the long time taken by government agencies to approve permits.

Text by lexpress.mu

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