[PHNOM PENH POST]
CONSTRUCTION approvals granted by government authorities have increased
93 percent in the first six months of the year, compared to the same
period last year, figures show.
Some 1,079 potential projects
worth US$637.7 million were given the go-ahead in the January to June
period, compared with 1,094 construction projects worth $329.1 million
approved last year, according to Ministry of Land Management, Urban
Planning and Construction figures obtained on Tuesday.
The
ministry’s Construction Department Director Lao Tip Seiha said that the
ministry had approved a number of larger construction projects such as
housing developments, apartments, factories, and tourist facilities in
the first six months.
“The number of construction projects
approved in the first half was less than the previous year, but we’re
seeing lots of larger construction approvals for projects with bigger
values,” he said.
The approvals are expected to lead to more construction projects in the second half of the year, said Lao Tip Seiha.
“The
sector has been boosted in the first half of the year,” he said. “Some
construction sites are worried about looking for workers, because
they’re fleeing back home to work on rice farming.”
Labour force inconsistencies can be amended by more awareness and availability of vocational training, said insiders.
“An
increase in the availability of international-standard vocational
training, similar to qualifications provided by City & Guilds, in
the Kingdom would benefit the sector’s labour force,” said Sterling
Project Management Chief Executive Officer Gary Sterling.
With
the subsidence of the economic crisis and the optimistic outlook of the
property sector, other experts believe it to is the right time to resume
construction of stalled housing developments.
“It’s time for
them to restart construction after three years’ of being affected by the
world crisis,” Bonna Realty Group President Sung Bonna said. “We see
that some developers are preparing to start work, while others have
begun their projects,”
Ministry of Land Management, Urban
Planning and Construction data revealed that 2,149 construction projects
worth $840 million were given the green light in 2010, compared to
2,230 projects worth a combined $1.988 billion in 2009.
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