Key issues faced by the construction industry highlighted

January 12, 2023 at 3:19 PM

The Sub Committee of the National Council has held a discussion on the issues faced by the construction industry in the wake of the economic crisis.

According to a statement by the Parliament, the Sub Committee on Identifying the Short & Medium-Term Programmes related to Economic Stabilization of the National Council convened under the chairmanship of MP Patali Champika Ranawakayesterday (11) to discuss the issues faced by the construction industry.

Representatives of several parties representing the public and private sectors related to the construction industry in Sri Lanka participated in this discussion and their opinions were obtained on the issues that exist in the said field.

The representatives present indicated that there are approximately 650,000 direct and 700,000 indirect jobs related to the construction industry. But they pointed out that the construction sector has collapsed at present and because of this, workers have faced a crisis.

Furthermore, these parties pointed out that the sale of constructions such as apartments and offices that are currently built has also faced difficulty.

Also, the parties present pointed out that there are a large number of people who have difficulty paying the bank loans due to the government not making payments for part of the constructions that have been built so far.

It was also revealed that due to the economic crisis, there has been a tendency for people associated with the construction industry to leave the country.

MP Ranawaka said that if solutions that require money, solutions that do not require money and legal solutions are not identified and implemented separately, the country’s engineering sector will suffer a major collapse. 

He further said that he is hoping to submit to the Parliament and the government proposals on the matter as soon as possible. (NewsWire)