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Construction growth rate estimated at around 9.5% in 2018, says Minister Bodha

Date: November 16, 2018
Domain:Public Infrastructure; Economic Indicators
Persona: Business; Citizen; Government; Non-Citizen
 

GIS 16 November 2018: The contribution of the construction sector to the Gross Domestic Product has been increasing since 2017 and the growth rate is estimated to rise further to 9.5% in 2018.  The Minister of Public Infrastructure and Land Transport, Mr Nandcoomar Bodha, communicated these figures during a press conference, yesterday, at the seat of the Ministry in Port Louis.
 
Speaking of the evolution of the construction sector in Mauritius, Minister Bodha pointed out that it regained its momentum in 2017 when the construction growth rate increased and stood at 7.5% in 2017.  The increased construction rate, he underlined, is due to Government’s massive investments in major infrastructure projects which are namely: the Metro Express, the Road Decongestion Programme and the construction of the Multi-Sports Complex at Côte d’Or.
 
The Minister outlined that NHDC housing projects, public utility works and the port development project also feature among the series of ventures contributing to the higher construction growth rate.  The private sector’s investment, mainly under the Smart Cities Schemes equally plays a significant part in the growth rate.  At this pace, said Mr Bodha, it is most likely that the growth rate would hit the two-digit figure in the coming years.
 
Furthermore, the Minister spoke of the important role of the Construction Industry Development Board (CIDB) in promoting the development of a competitive construction industry in Mauritius.  The core objective of the CIDB is to provide registration of both local and foreign Contractors and Consultants, he indicated.  He highlighted that projects should be implemented under the best possible conditions with quality works, no cost and time overrun.  Proper geotechnical survey should be carried out for better design and implementation of projects, he added.
 
About CIDB
A three-year Action Plan has been prepared by the CIDB with the view to strengthening its role as regards consolidating the construction industry. It focuses on the following: training and awareness raising programme; action plan for small and medium enterprises; promotion of the development and improvement of the construction industry; promotion of research and development related to the construction industry; human resources development of the construction industry; provision of assistance in the export of services; and interaction with public bodies.
Government Information Service, Prime Minister’s Office, Level 6, New Government Centre, Port Louis, Mauritius. Email: gis@govmu.org  Website: http://gis.govmu.org
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