Construction returning to productive capacity – PM

Construction returning to productive capacity – PM

Friday, July 03, 2020

Print this page Email A Friend!


KINGSTON, Jamaica— Prime Minister Andrew Holness says the construction industry, which was among sectors “hard hit” by the coronavirus (COVID-19) pandemic, is returning to productive capacity, and he is imploring investors to begin to execute projects that they may have put on hold due to the virus.

“The private sector – you have projects you may be considering shelving; now is not the time for it. Recessions are self-fulfilling prophecies; they happen if you decide that you are not going to invest; they won't happen if you decide to invest, so let us not allow the recession to happen,” he noted.

“Make the decision to invest. Now is the time to invest for us to swiftly recover and recover stronger than we were before,” he added.

Holness, who was addressing the ceremony for the delivery of the first 50 homes at SilverSun Estates in St Catherine on Wednesday, noted that construction was the first sector reopened as the Government resumed economic activities.

“That was the first industry we remobilised and, so far, I am seeing that people are returning to full productive capacity. There is a return to construction work. We are seeing a slight uptick in demand for hardware supplies, and we are watching what will happen with demand for cement,” he said.

The SilverSun housing development comprises construction of 1,200 units in Innswood by SilverSun Homes Limited, a West Indies Home Contractors Limited majority-owned company.

The National Housing Trust is providing 100 per cent financing for the project.

Construction commenced in April 2019 and the project is being undertaken in phases with completion scheduled for April 2023.


Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaper-login


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT