Clouds part for construction sector

AFTER TWO YEARS of decline in the construction sector, there are positive signs that the industry will re-emerge as a strong contributing force to the nation's growth and economic recovery. A number of major initiatives planned and undertaken in both the public and private sectors are providing vital stimulus to this crucial industry.

Winston Riley, immediate past president of the Joint Consultative Council for the Construction Industry (JCC), believes that the successful development of the sector is going to be determined by:
1. The availability of financing for major projects
2. Passing of procurement legislation in Parliament, and
3. Standardisation and capacity-building within the industry

Accordingly, the Government will be expected to:
• Carefully consider and prioritise proposed projects
• Determine project feasibility and financing availability
• Take a comprehensive and transparent developmental approach