Construct 2008

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Expecting a growth rate more than 7.4% in 2008

The growth rate in the construction industry would exceed the last year’s figure of 7.4 percent. The Growth in the construction Industry was 7.42 per cent in 2006 according to the Central Bank report for the year.

The Construction Industry has contributed to 52 per cent to the Gross Domestic Fixed Capital (GDFC) formation and provided employment to nearly 500,000 persons in the construction industry within a short period

The disturbing pattern in the Construction Industry is that nearly 95 per cent employees are engaged in the industry as labour sub contractors. To uplift the construction sector the Government has reduced the withholding tax on construction contracts from five per cent to one per cent to improve the cash flow of the builders.

Construction Projects in the Pipeline for 2008-2015

Construction of Flyovers:

Construction of flyovers at strategically selected junctions is considered to be a means to reduce the traffic congestion.17 flyovers will be constructed in Colombo City and its suburbs

Construction of Bridges:

Under this project the reconstruction of 222 bridges on National Highways, and Provincial and Rural roads will be undertaken ins Hambantota,Matara,Galle,Badulla,Gampaha,Kalutara,Anuradpura,Kandy,Nuwara Eliya,Matale,Puttalam,Kuruegala,Ampara and Batticaloa Districts.

Jana Sevana Housing Programme:

This programme aims to construct 25 houses in each village at the rate of 15,000 housing units per year during 2006-20123.

Post –Tsunami Housing Reconstruction Programme:

The objective of this programme is to provide better and decent shelter to the families whose houses were lost or damaged by the Tsunami. The programme is expected to reconstruct or repair around 114,000 houses in the Tsunami affected coastal belt.

Housing for Displaced Families:

The objective of this programme is to provide permanent shelter for IDPs living in welfare camps in the Puttalam district.

50,000 Houses for Estate Workers:

The objective of this programme is to provide decent housing facilities with required basic infrastructure to the estate workers families with a view to uplifting their living conditions.

Townships for Service Personnel:

Construction of 1,700 housing units. This project is located at Ipalogama in the Anuradhapura District.

Housing for Urban Under-Served Families:

This project is expected to provide housing facilities on concessionary terms for about 2,700 families living in under – served settlements in Colombo and suburbs.
(Source: National Infrastructure Development Programme-Urban development & Townships 2006-2012)